Consolidating stafford subsidized loans
The Federal Consolidation Loan combines multiple Federal Education Loans into a single loan, simplifying the repayment process.
Read on for everything you need to know about the Federal Consolidation Loan application and payment process.
The interest rate on new consolidation loans has not been capped since July 1, 2013.Notice how the weighted average is between the highest and lowest interest rates among the consolidated loans.The use of the weighted average preserves the cost of the loans.All Federal Education Loans have had fixed interest rates since July 1, 2006. Only Federal Education Loans can be included in a Federal Consolidation Loan.Private student loans and private parent loans are not eligible.
One key component of the FFEL program is the Consolidation Loan.