Student loan consolidation rates, avoid a scam!
Aside from a slight increase in the interest rate on the consolidation loan, there is no cost to consolidate your loans. There are no fees to consolidate.
Under no circumstances pay a fee in advance to get a federal education loan or consolidate your federal education loans. There are no fees to consolidate your loans.
While other federal education loans, such as the Stafford and PLUS loans, may charge some fees, the fees are always deducted from the disbursement check.
There is never an up front fee. If someone wants you to pay an up front fee, chances are that it is an example of an advance fee loan scam.
Student loan consolidation rates
The interest rates for federal student loan consolidations are based on the weighted average of student loan interest rates. All Federal Stafford loans disbursed between July 1, 2006 and June 30, 2008 have an interest rate of 6.8%*.
Subsidized Stafford loans disbursed between July 1, 2008 and July 1, 2009 have a rate of 6.0%, and Subsidized Stafford loans disbursed after July 1, 2009 have a rate of 5.6%. Currently, Unsubsidized Stafford loans remain at 6.8%.
Federal student loans will have different rates depending on type and disbursement dates. For example, rates for Stafford loan disbursed before July 1, 2006 will remain variable until consolidated.
Interest rates on Federal Stafford Subsidized and Unsubsidized Loans change yearly but will never exceed 8.25%. Compare the best Private Student Loans and review rates at PrivateStudentLoans.com.
Find out about student loan consolidation rates
To obtain a complete list of the federal student loans that can be consolidated
Contact the Direct Loan Origination Center’s Consolidation Department if you’re applying for a Direct Consolidation Loan.
Contact a participating FFEL lender if you’re applying for a FFEL Consolidation Loan. If you do not know who your FFEL lender is you can find out via the internet.
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februar 14th, 2010 at 8:23 pm
. American technology is what make healthcare work throughout the world. The French make a tradition of riding on the backs of everyone else (saved them in WW2 I recall after they executed the fastest possible surrender to the Nazi’s) and then declare superiority.