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Weighted Average Interest Rate Calculator Calculator
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DollarGeek's Weighted Average Interest Rate Calculator helps student loan borrowers calculate the weighted average interest rate of their student loans. You would use a weighted average interest rate when you're consolidating your federal student loans with a Direct Consolidation Loan. With a Direct Consolidation Loan, the weighted average of the interest rates of all loans will be rounded up to the nearest 1/8th of a percentage point.
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A Direct Consolidation Loan will use your
weighted average interest rate.
A weighted average interest rate is different than an average interest rate.
Fun Fact: You can't save money with a Direct Consolidation Loan.
FAQs: Weighted Average Interest Rate Calculator
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