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Direct Consolidation Loans - Information Center

IMPORTANT INTEREST RATE INFORMATION

The Bipartisan Student Loan Certainty Act of 2013 changed the formula for determining the interest rate for Direct Consolidation Loans as follows:
For Direct Consolidation Loans that are made based on applications received on or after July 1, 2013, the weighted average interest rate is no longer capped at 8.25%.

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