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School loan consolidation. Ate on my new Consolidation Loan? No. Interest rate reductions received as borrower benefits on existing loans will not be considered when determining the applicable interest rate on your consolidation loan. For example, if the applicable rate on your existing loans is 6.80%, but you were receiving interest rate reductions as a borrower benefit that reduced the interest rate to 5.80%, the interest rate used to calculate your new Consolidation Loan will be 6.80%. How can I find out what my Consolidation Loan payment will be? To estimate what your payments and total amount of interest paid may look like, input various interest rates into our Loan Consolidation Calculator. After your application has been approved, the disclosure and monthly account statement will include your exact payment amount and interest rate. How do I know if I am eligible? If all of your loans are in grace, repayment or in a deferment forbearance, you may be eligible for a Citibank Federal Consolidation Loan. Your school loan
 

School loan consolidation

Loans that are in an in-school status cannot be consolidated until you graduate or leave school. If you have defaulted on any of your loans, you need to make satisfactory payment arrangements with the current holder and provide evidence of that to Citibank. Loans subject to a judgment or wage garnishment are not eligible for consolidation. Can I consolidate my loans while I am attending school? If you are currently a full- or half-time student, you can apply for a Consolidation Loan upon graduation. For loans disbursed prior to July 1, 2006, the interest rate during the grace period is 0.60% lower than the Stafford repayment rate. By consolidating while you are in grace, you will have the opportunity to secure a lower interest rate and start paying down your student loans. Can I get an in-school deferment on my Consolidation Loan? If you are attending school at least half-time you will be eligible for an in-school deferment on your Consolidation Loan. Keep in mind that you will need to school loan


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school loan consolidation Loan. Learn more… 1The 5.375% interest rate is an estimated rate for the consolidation of Stafford Loans in a deferment or a grace status and taken out from July 1 school loan consolidation, 1998 through June 30 school loan consolidation, 2006. The rate assumes you will take advantage of all available Citibank interest rate reduction benefits. Actual rate may be higher or lower based on your existing loans. Stafford Loans disbursed on or after July 1 school loan consolidation, 2006 have a fixed interest rate of 6.80%. The interest rate on a Consolidation Loan is set according to federal law and will be the weighted average of the interest rates of the loans being consolidated rounded up to the nearest 0.125% or 8.25% school loan consolidation, whichever is le school loan consolidation.

school loan consolidation Ss. For example school loan consolidation, the current 6.54% variable interest rate would be rounded up to the nearest 0.125% school loan consolidation, or 6.625% after consolidation. Consolidation Loans are eligible for a 0.25% E-Z Pay interest rate discount when payments are automatically withdrawn from your bank account and you agree to only receive your statements electronically. Consolidation Loans are also eligible for a 1.00% interest rate reduction for CitiExtras® Savings after making the first 36 consecutive monthly payments on time. Assuming you are eligible for and take advantage of all available Citibank benefits school loan consolidation, the 1.25% rate reductions would be applied to the 6.625% school loan consolidation, thus reducing the rate to 5.375% for the 37th monthly payment through the remainder of the term. Any rate reductions obtained on underlying loans will not be used in calculating your loan consolidation rate. Interest rate reductions and other benefits terminate upon loan delinquency or default. You must continue to make your monthly payments by the scheduled payment due date to retain the applicable benefit. We reserve the right to modify or discontinue benefit programs at any time without notice. Program changes will not affect loans that were eligible for benefits prior to the time of the change. Other terms and conditions may apply. The Student Loan Corporation Citi.com Privacy Pro.

school loan consolidation .375% for the 37th monthly payment through the remainder of the term. Any rate reductions obtained on underlying loans will not be used in calculating your loan consolidation rate. Interest rate reductions and other benefits terminate upon loan delinquency or default. You must continue to make your monthly payments by the scheduled payment due date to retain the applicable benefit. We reserve the right to modify or discontinue benefit programs at any time without notice. Program changes will not affect loans that were eligible for benefits prior to the time of the change. Other terms and conditions may apply. The Student Loan Corporation Citi.com Privacy Prom.

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