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The interest rate for a federal consolidation loan is determined by calculating the weighted average of the interest rates of the loans being consolidated, rounded up to the nearest one-eighth of one percent, not to exceed 8.25 percent.
The interest rate on a federal consolidation loan is fixed for the life of the loan.
You can use our online loan consolidation calculator to estimate the interest rate that would apply to your federal consolidation loan. The calculator can help estimate monthly payment amounts for your loan. You can also contact a Loan Consultant who can research your loans and estimate your interest rate and payment amounts.
If you're not sure about the interest rate on your current federal loans, you can use the chart below for assistance:
| Federal Student Loan |
Student Loan Disbursement Date |
Interest Rates |
| PLUS |
July 1, 1998 - July 1, 2006 |
8.02% |
| PLUS |
July 1, 2006 - June 30, 2009 |
8.5% FFELP, 7.9% Direct |
| Stafford |
July 1, 19981 - July 1, 2006 |
6.62% (grace), 7.22% (repay) |
| Stafford |
July 1, 2006 - June 30, 2008 |
6.8% (grace and repay) |
| Stafford |
July 1, 2008 - June 30, 2009 |
6.0% (undergraduate subsidized)
6.8% (undergraduate/graduate unsubsidized)
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