Consolidating school loans interest rates executive calgary dating complaints

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Discounts reduce the amount of interest you pay over the life of the loan.

The automatic payment discount may not change your monthly payment amount depending on the type of loan you receive, but may reduce the number of payments or reduce the amount of your final payment.

Loans that are not eligible for consolidation include state or private loans that are not federally guaranteed.

Although all of these different loans may be consolidated, you must have at least one outstanding FFEL or Direct Loan to obtain a Direct Consolidation Loan.

For example , if a borrower had a $7,500 loan at 3.4% and a $10,000 loan at 6.8%, the interest rate on the federal consolidation loan would be This would then be rounded up to the nearest 1/8th of a point, or 5.375%.

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