Consolidating fafsa loans sites dating samoa

29-Apr-2015 14:01

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The fixed rate is based on the weighted average interest rate of the loans being consolidated, rounded to the next one-eighth of one percent, and cannot exceed 8.25 percent.Private education refinance loans are variable or fixed interest rate loans offered by banks, credit unions, and state agencies which allow borrowers to combine their outstanding federal and private student loans into a single new loan.The Federal Direct Consolidation Loan is a loan that combines all a student's federal borrowing history into a new loan with one monthly loan payment.

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Consolidating federal loans outside Direct Loan Consolidation will result in the loss of federal loan interest and repayment terms.Interested borrowers should contact a lender of their choice to request consolidation information.

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