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Debt Relief – Insolvency – Bankruptcy Information » Student Loan Help » Where can I find information on the current federal student loan consolidation rate???

Where can I find information on the current federal student loan consolidation rate???

I see various rates online. Some as low as 4.7% but is there a government or official site with the information?

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5 Responses to "Where can I find information on the current federal student loan consolidation rate???"

  1. Writer At The Sea says:
    I don’t know if you have applied for FAFSA or not, but that is a great place to start. I would look into other grants/free money available to students, because there is a lot out there. If you currently have student loans, there are ways to consolidate them at a lower interest rate. I think the site below is at 4.5%.
  2. Sam says:
    Just mail me at solidoffer11@yahoo.com with subjet- Debt Consolidation . I will send a link of best website where you can find good solution, tips, resources and some best consultants working on Debt Consolidation.

    Best wishes

  3. Student Loans says:
    First of all, do you know what status your Student Loans are in; Grace, Deferment, Repayment? Second, these are all Federal Student Loans correct? And finally, have you Consolidated your Federal Student Loans in the past?

    The reason I ask these questions is because every one effects what your current personal situation may be. For example, if your Student Loans are in Grace vs. Repayment status, that will save you an extra .6% on your Student Loan interest rate.

    Also, all of your loans must be Federal Student Loans in order to take advantage of the FFELP Consolidation Loan Program and receive the interest rate determined by the Federal Government. If you are interested in consolidating your Private Student Loans, I would suggest waiting until after July 1st, when programs are expected to improve, but I would advise against combining your Federal Student Loans with your Private Student Loans even then.

    Finally, if you have consolidated your Federal Student Loans in the past then that will factor into your weighted average, which is how your new interest rate is determined once you consolidate your Federal Student Loans.

    If you are considering consolidating your Federal Student Loans, you should keep in mind that July 1st is the interest rate change; it would be in your best interest to begin considering your options soon. For more information on current interest rates please visit the source below.

  4. pag2809 says:
    There is no set rate for consolidation. It depends on the lender you choose for the consolidation loan. Just make sure that you choose a reputable lender and that there will be no extra fees or penalty for early repayment. Otherwise, get the best rate you can get.
  5. payingcollege says:
    By law, lenders are required to use the same interest rate formula for Consolidation Loans. However, many lenders offer interest-rate reductions for paying on time or via direct debit. It is important to read the fine print and understand how you become qualified for or disqualified for a lender’s borrower benefits programs. Beyond savings, you should consider customer service, flexible repayment options, online account access and applications, reputation and industry experience when selecting a lender.

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