Skip to main content
Update
The boards are getting a new home!

We're pleased to announce an update is coming to the community boards.

Saturday, September 24th: We are migrating the boards to a new platform. The site is currently in read-only mode and we will bring it back online as soon as the migration is complete.

Fool.com | The Motley Fool Community
This Board Has Moved

We are in the process of migrating the boards to our new platform! This board has already been migrated but you can click below to continue the discussion on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
"After January 31, 1999, the rule was going to be, whoever consolidated would get the average interest of all the loans they were consolidating, rounded to the next highest one-eighth. So if you had a bunch of loans averaging 7.19%, your rate would be 7.25%----fixed."- W505a.

Someone in an earlier post mentioned that this was a "weighted average". Is this correct? And precisely what is a "weighted average". I'm thinking that it means that a $10,000 loan will count twice as much as a $5,000 loan in an equation. Also, any references would be helpful. Thank you:)
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.