Consolidating loans with different interest rates

26-Oct-2017 22:41

(When you consolidate several federal student loans that have different interest rates, the weighted average interest rate will typically fall somewhere in between the existing interest rates.)There is no cap (limit) on how high the interest rate can be when it comes to Direct Consolidation Loans.

You’re generally eligible once you graduate, leave school or drop below half-time enrollment.With an average balance of ,400, student debt is a big part of the average college graduate's life.