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Q&A: Options for education loan consolidation

April 9, 2010

If a borrower consolidated his or her school loans while still in school, then the borrower is eligible to reconsolidate those loans with loans that were obtained after the original consolidation.

A: If a borrower consolidated his or her school loans while still in school, then the borrower is eligible to reconsolidate those loans with loans that were obtained after the original consolidation. The interest rate of the new consolidation would be the weighted average rate of the previous consolidation and the new loans disbursed after the original consolidation.