Consolidating public finances

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A Direct Consolidation Loan has a fixed interest rate for the life of the loan.

The fixed rate is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of one percent.

For example, if you have both Direct Loans and other types of federal student loans, and you have been making payments toward PSLF on your Direct Loans, you should not consolidate your Direct Loans along with your other loans.

When you apply for a Direct Consolidation Loan, you don’t have to consolidate all of your eligible loans.

Previous OECD publications have tracked the fiscal policy responses adopted by OECD governments during the early years of the crisis (2007-2012).

This book takes stock of how these responses have evolved and in recent years, up to 2014/15.

Summary: A New Keynesian model with government production, public compensation, and unemployment is fit to U. data to study the macroeconomic and fiscal effects of public wage reductions.

Repayment of a Direct Consolidation Loan will begin within 60 days after the loan is disbursed (paid out).

If consolidation would cause you to lose the benefits associated with some of your current loans and you are working toward earning those benefits, you should not include those loans in your new Direct Consolidation Loan.

Whom do I contact if I have questions about consolidation?

Model counterfactuals show that sufficiently rigid nominal private wages can reverse the response of private wages, as the rigidity dampens the labor reallocation effect from the public to private sector that exerts downward pressure on private wages.

A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan. Similarly, if you have Federal Perkins Loans and you are employed in an occupation that would qualify you for Perkins Loan cancellation benefits, you should not include your Perkins Loans when you consolidate.

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