Table: Time to Consolidate?

For Loans Issued on or after July 1, 1998

LOAN TYPE OLD NEW DIRECT PAY DISCOUNT FOR RATE RATE DISCOUNT CONSOLIDATION*

STAFFORD (IN-SCHOOL OR 7.59% 5.39% 0.25% 0.80% EARLY CONSOLIDATION)

STAFFORD 8.19 5.99 0.25 0.80 (REPAYMENT PERIOD)

PLUS 8.99 6.79 0.25 0.80

For Most Loans Issued Before July 1, 1998

LOAN TYPE OLD NEW DIRECT PAY DISCOUNT FOR RATE RATE DISCOUNT CONSOLIDATION*

STAFFORD (IN-SCHOOL & 8.25% 6.19% 0.25% 0.80% EARLY CONSOLIDATION)

STAFFORD 8.25 6.79 0.25 0.80 (REPAYMENT PERIOD)

PLUS 9.00 7.59 0.25 0.80

* Rates for consolidated loans are rounded up to the nearest 1/8 of a percent

Data: U.S. Education Dept.

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