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An debt today you can get a lower monthly payment and a fixed interest rate. In addition to the ability to better manage your student loan repayment, the Nelnet Consolidation Loan offers you many other benefits. Benefits of Nelnet Consolidation Loans You relied on low-interest rate student loans to complete your education. Now, you may be faced with significant student loan debt and you should explore the many options afforded you as a borrower to repay your loans. When evaluating a low-interest student loan consolidation, you should consider the following features: A fixed interest rate Flexible repayment schedules One lender, one payment No fees or credit checks Additional borrower benefits Tax-deductible interest Fixed interest rates The consolidation interest rate is fixed and is calculated by taking a weighted average of the rate on the federal loans you are consolidating, rounded up to the nearest one-eighth percent, not to exceed 8.25% Stafford loans disbursed between July 1, 1998 and June 30, 2006 have a variable interest rate that resets every July. See below for current interest rates: Stafford loans in grace or deferment - 6.54% Stafford loans in repayment, including forbearance - 7.14% Stafford loans disbursed on or after July 1, 2006 have a fixed interest rate of 6.8% If you have questions about calculating your consolidation interest rate, please contact a Nelnet Loan Advisor. They will research your loan history and estimate your consolidation interest rate for you. Lower monthly payments When consolidating your student loans, you can reduce your monthly paym
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