Student Loans

QHow Do You Calculate The Interest Rate On A Consolidation Loan?
AThe interest rate on a federal consolidation loan is determined by taking the weighted average of interest rates on the federal education loans you have and rounding up to the nearest one-eighth of a percentage point, capped at 8.25 percent. Locking in the record-low interest rate on Stafford loans with a consolidation loan may save you some serious cash.