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05-27-2007, 04:25 AM
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how does the math work on this?
If you have a combined student loan with two line items:
$38,452 @ 3.5% $12,451 @ 8.5% Assuming you never pre-pay, and all your payments are applied proportionally against each loan--like if you pay $50, 38 goes to the first loan and 12 goes to the second-- What is your true combined interest rate over the loan period? 
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05-27-2007, 04:56 AM
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I found my answer here:
Average Interest Rate Calculator Turns out itthe combined interest rate is 4.66%.
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