bishop noel jones dating - Consolidating federal student loans department education

by  |  22-Nov-2019 17:50

Consolidating your federal loans through the Department of Education is free; steer clear of companies that charge fees to consolidate them for you.

When you consolidate federal loans, your new fixed interest rate will be the weighted average of your previous rates, rounded up to the next ⅛ of 1%.

The main way the programs differ is in who made you the loan in the first place.

Most of the benefits in the Direct Loan Program are available in the FFEL Program.

So, for instance: If the average comes to 6.15%, your new interest rate will be 6.25%.

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