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Consolidation Loans |

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| This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. |
Consolidation Loans - Consolidation Loans are loans that allow eligible borrowers to combine multiple federally guaranteed loans, including those of both the FFEL and Federal Direct Student Loan Programs, into a single aggregate guaranteed loan. The borrower interest rate on a Consolidation Loan is a fixed rate that represents the weighted average interest rate of the loans retired. The maximum term of a Consolidation Loan is 30 years.



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