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What is the interest rate on a Student Loan Consolidation?

April 26, 2017consolidation Interest rate student loan

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What is the interest rate on a Student Loan Consolidation?

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The interest rate of your Loan Consolidation is usually the weighted average of the interest rates on the loans being consolidated. Some Loans have a locked interest rate, and some have a variable rate (based on the current federal rate). The difference of a few tenths of a percent can mean hundreds of dollars to you, so try and get the lowest rate possible.