buckeyechick1219 Posted June 28, 2007 Report Share Posted June 28, 2007 I know the Dept of Ed recalculates the interest rate on student loans every July 1st. Does anybody know what it's going to be this year? I consolidated my loans in 2005 before the tremendous rate hike, but I had an additional disbursement after I locked the rate on my consolidation loan. My consolidation loan is at 2.8 and the other is at 6.75 or something (I would have to double check.) I didn't want to add the loan with the higher interest rate to my consolidation loan because it would have raised the interest rate on my consolidation loan (which is 10X bigger than the unconsolidated loan.)I just wonder if rates are going up or down this year. Link to comment Share on other sites More sharing options...
LynnInMN Posted June 28, 2007 Report Share Posted June 28, 2007 Rates are going up slightly. Google is a wonderful search tool! Link to comment Share on other sites More sharing options...
buckeyechick1219 Posted June 28, 2007 Author Report Share Posted June 28, 2007 I tried Yahoo search and all I got was a bunch of stuff about consolidating private student loans. Thanks for the info. Link to comment Share on other sites More sharing options...
Recommended Posts