Consolidating federal student loan debt

Rated 4.41/5 based on 824 customer reviews

This method takes the average weight(balance) of your loans as compared with the interest rate to give you a new fair interest rate.

consolidating federal student loan debt-66

consolidating federal student loan debt-76

consolidating federal student loan debt-22

consolidating federal student loan debt-59

At Lend EDU, we help borrowers compare the top student loan companies in one place.Our research, news, and assessments are scrutinized using strict editorial integrity.In full transparency, our company may receive compensation from partners listed on our website. Today, 7 out of 10 graduates are graduating with some form of student loan debt.One loan is ,000 @ 6.5% interest, the second loan is ,000 @ 3.5% interest.Because the loan with a k balance makes up 25% of the borrowers’ balance, they would multiple 25% x 6.5% = 1.625%.

Leave a Reply