Well, if your loan is a federally funded education loan, then the recent rate cut has nothing to do with your interest rate. The interest rate on loans disbursed prior to June 2007 are based on a 91-Treasury bill that is auctioned off at the end of may.
You might want to get with your lenders and discuss your consolidation options with them. They will be able to give you estimates on what your interest rate will be. It’s a weighted average based on the interest rates that are currently on your loan, they can look up your info and do the math
Well, if your loan is a federally funded education loan, then the recent rate cut has nothing to do with your interest rate. The interest rate on loans disbursed prior to June 2007 are based on a 91-Treasury bill that is auctioned off at the end of may.
You might want to get with your lenders and discuss your consolidation options with them. They will be able to give you estimates on what your interest rate will be. It’s a weighted average based on the interest rates that are currently on your loan, they can look up your info and do the math