Does consolidating student loans lower interest rate passion and potions dating service
Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser.debt at nearly $1.4 trillion and rising, you wouldn’t be hard-pressed to find people who think student loans are a big problem for Americans.Student loan refinancing isn’t a catch-all solution to the issue, but it’s one of the The short answer is yes, you can.If you consolidate federal student loans, your interest rate will be calculated by averaging the rates of your original loans through a weighted scaling.
With a federal Direct consolidation loan, you can lower your monthly payments by extending your loan repayment term to up to 30 years (though this may mean you pay more in interest over the life of the loan), and the interest rate will then be rounded up to the highest eighth of a percentage point.
At the same time, consolidating may cause you to lose borrower benefits associated with your original loans.
Does consolidating student loans lower interest rate comments