Compare
your current weighted average interest rate to the rates of refinancers.
Not exact matches
Be aware, your
interest rate will be recalculated as the
weighted average of your
current federal loans and rounded up to the nearest.125 %.
Since you probably have different
interest rates for various loans, consolidating them will get you a
weighted average of your
current interest rates.
They take a
weighted average of your
current student loan
interest rates.
Student Loan Consolidation — Federal student loan consolidation takes a
weighted average of your
current interest rates and combines them into a single payment with adjustable payment terms between 10 to 30 years.
New
interest rates are calculated based on the borrower's credit history and overall financial health, as well as
current financial market conditions, rather than the
weighted average of the included loans.
Most people know that with federal consolidation, you take the
weighted average of the
current interest rates.
Instead, a new
interest rate offer is calculated based on the borrower's credit history, overall financial health, and
current financial market conditions — not
weighted averages.
The
current interest rate for a Federal Direct Consolidation Loan is the
weighted average of the
interest rates being consolidated rounded up to the nearest one - eighth of one percent.
Using a Direct Consolidation for Federal Student Loans will create a new
interest rate that is a
weighted average of all the
current federal loans you have.
This fixed
rate will be determined by the
weighted average of the
interest rates on your
current loans, rounded up to the nearest
Since the system in place to calculate your new
interest rate is a
weighted average of what you already pay, your
current rates are maintained.
The
weighted average interest rate is a single
interest rate that is calculated by using the borrower's loan balances and the
current annual
interest rate for each of the borrower's loans.