Federal Consolidation Interest Rate
by http://www.studentloanconsolidator.com/consolidation/projected-rates.phpFederal Consolidation interest rates are based on the weighted average of student loan interest rates. Federal student loans disbursed on or after July 1, 2006 have an interest rate of 6.8%*. Federal student loans disbursed before July 1, 2006 will remain variable interest rate loans. These loans will re-adjust every July 1 based on the results of the 91-day Treasury Bill. Currently, interest rates for these variable loans are:
- Stafford Loans for borrowers in grace (1-6 months after graduating): 6.62%
- Stafford Loans for borrowers in repayment: 7.22%
- Parent PLUS Loans disbursed after July 1, 1998 but before July 1, 2006: 8.02%
- Parent PLUS Loans disbursed after July 1, 2006: 8.50%
Need help figuring out what your consolidation interest rate will be? Give one of our loan counselors a call toll-free at 1-877-328-1565.
Apply now online or call toll-free 877-328-1565
*Interest rates on Federal Stafford Subsidized and Unsubsidized Loans change yearly but will never exceed 8.25%.
Private Consolidation Interest Rate
Your first year rate could be as low as 7.52%! The Student Loan Consolidator offers a first year introductory interest rate equal to the 1-Month LIBOR (London Interbank Offered Rate - currently 5.02%) plus 2.50% depending upon your credit, or the credit of your co-signer.
On the first anniversary of disbursement, the interest rate converts to a quarterly variable 1-Month LIBOR plus a margin ranging from 6.00% to 6.50% depending upon your individual credit or the credit of your co-signer, if you have one.
Learn more about private student loan consolidation.
Consolidation Loan Interest Rate Updates
In order to complete a federal loan consolidation, you'll need to provide your student loan information with your consolidation application. We've prepared a short guide to help you get this information to us by phone, fax, mail, or email.
Print out the guide from a PDF!
Students, parents, and anyone with federal student loans can consolidate online or apply by calling us here at the office toll-free at 877-328-1565. We offer great benefits and the best consolidation rates and services for students and graduates.
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