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Financial Aid 101

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Federal Direct Consolidation Loan

What is the interest rate on a Direct Consolidation Loan?

The interest rate for Direct Subsidized and Unsubsidized Consolidation Loans is a fixed rate derived from the weighted average of the interest rates of the loans being consolidated. The interest rates for Subsidized and Unsubsidized Consolidation Loans cannot exceed 8.25%. The interest rate for a Direct PLUS Consolidation Loan cannot exceed 9%.

What are the benefits of consolidation?

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Borough of Manhattan Community College
The City University of New York
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