Federal Student Loan Consolidation Interest Rates
If reducing your monthly payment obligation on your student loans is an important goal, then learning more about student loan consolidation interest rates is absolutely crucial. Your payment could be significantly lower each month depending on the interest rates of the loans being consolidated, the length of the loan term, and the payment plan you select.
Federal Student Loan Consolidation Rates
The interest rates for federal student loan consolidation loans are based on the weighted average of your currentstudent loan interest rates, rounded up to the nearest one-eighth of one percent. View the chart below to see where your loan falls in the spectrum.
Stafford Loan Interest Rates
|Academic Year||Subsidized Rates||Unsubsidized Rates||Graduate Rates|
Current Stafford Loan interest rates in effect from 07/01/2013 to 06/30/2014
*These rates have been updated to reflect the new student loan interest rate legislation that went into effect on August 9, 2013. Stay up-to-date on interest rate changes and Stafford loan news at StudentLoanNetwork.com.
Federal student loans will have different rates depending on type and disbursement dates. For example, rates for Stafford loan disbursed before July 1, 2006 will remain variable until consolidated.
Combining variable and fixed rate student loans in a single federal consolidation loan will lock in one fixed interest rate for the life of the loan.
* Interest rates on Federal Stafford Subsidized and Unsubsidized Loans are determined by the Department of Education.