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Yes, that's right. If you have $10k at 8% and $5k at 5%, the weighted average would take 10,000 x .08 and 5,000 x .05 = 1,050 interest on 15,000 total--or a weighted average of 7.0%. (1050/15000)That Direct Loan consolidation site through www.ed.gov must have the details on this.
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