FFEL Consolidation Loan Interest Rate
Calculating the FFEL Consolidation Loan Interest RateSchool consolidation loans have fixed interest rates that are based on the weighted average of the interest rates on the loans being consolidated.
The lender can provide you a new consolidation school loan with the lowest statutory weighted average interest rate for loans by using the lower of the weighted average of the interest rates on the loans being consolidated as of July 1 or the date the lender received your consolidation loan application.
The lender should always apply a consistent method of...
Posted : November 21, 2009 | 
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