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1. Consolidating the federal loans means that you will disburse one monthly bill plus will define a set rate for your loan life. This rate is typically lower than of a private consolidation.     
  2. In order to define the consolidation rate for the federal loans, your lender should calculate a weighted mean of your present loan rates and round up to 1/8, though not to surpass 8.25%.     
  3. Calculate the potential consolidation rates utilizing a consolidation calculator.     
  4. Your rate of interest also counts on the kind of federal student loans you have plus while you took them out.     
  5. Besides,You are not allowed to view links. Register or Login, you can fix a far lower consolidation rate by means of consolidating during the grace period (some months after graduation, during that a majority of lenders won't make you repay). Consolidating during the grace period, when ultimately helpful as your rate of interest is lower, forces you into instant repayment,You are not allowed to view links. Register or Login, even though you had several months left prior to scheduled payments might begin.     
  6. Since the holders of Stafford loans who completed in 2007 and after will disburse fixed interest of rate,You are not allowed to view links. Register or Login, it is not as evident that they should unite as it was in the past.     
  7. You should note that you cannot consolidate your student loans in case you are presently in college.     
  8. It is not advised that borrowers unite federal student loans into one private loan as you can lose significant privileges to postpone, turn for a forbearance, and ask for student loan forgiveness under a government program.     
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