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Do I want to consolidate my Federal Perkins loan with my Federal Direct Stafford Loans?
Other - Business & Finance
Amsterdam asked:
For those of you who are consolidating, you know that the Federal Stafford Loan interested rate as of July 1, 2006 will be 6.80% and the current interest rate for this loan type is 4.7% variable. I am wondering if I should consolidate my Federal Perkins loan even though the interest rate is 5.0% fixed. I am not interested in the Loan Forgiveness stuff that comes with the Perkins loan. I just want to know whether or not to consolidate the Perkins Loan for a lower interest rate on it. Or will I get a higher interest rate on it since only the Federal Direct Stafford/Ford Loans are experiencing an increase in the interest rate. Prompt responses very appreciated! I have until June 30, 2006 to consolidate!!!
Sphere: Related ContentFor those of you who are consolidating, you know that the Federal Stafford Loan interested rate as of July 1, 2006 will be 6.80% and the current interest rate for this loan type is 4.7% variable. I am wondering if I should consolidate my Federal Perkins loan even though the interest rate is 5.0% fixed. I am not interested in the Loan Forgiveness stuff that comes with the Perkins loan. I just want to know whether or not to consolidate the Perkins Loan for a lower interest rate on it. Or will I get a higher interest rate on it since only the Federal Direct Stafford/Ford Loans are experiencing an increase in the interest rate. Prompt responses very appreciated! I have until June 30, 2006 to consolidate!!!
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Tags: Current Interest Rate, Direct Loans, Federal Direct Stafford Loans, Federal Loan, Federal Loans, Federal Perkins Loan, Federal Stafford Loan, Ford, Interested Rate, July 1 2006, Loan Forgiveness, Loan Type, Stuff
August 19th, 2008 at 7:43 pm
I WON’T fixed means it’ staying that way it’s staying at 5.0%, if concolidating gets you a rate below 5.0% than do i, but on my app it said my rate would be above 5%.
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