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What is the highest my consolidated interest rate can go?
May 14th, 2009 David E. Bonvie Posted in Consolidation, Consolidation Savings No Comments »
The cap or ceiling on your consolidated loan varies between federal and private.
Federal: If you have a federally consolidated loan the rate will never exceed 8.25%. The vast majority of students fall well beneath this 8.25% threshold however. Your consolidated interest rate is a fixed rate based on the weighted average of the interest rates [...]
