Federal Student Loan Consolidation Interest Rates
A Federal Consolidation Loan has a fixed interest rate for the life of the loan. The fixed rate is based on the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of 1%. However, the rate will not exceed 8.25%. Repayment terms range from 10-30 years depending on the amount of your consolidation loan, your other education loan debt, and the repayment plan you select.