Consolidation Loan: Based on the consolidation program offered by ScholarPoint Financial, Inc. Assumes a client qualifies and obtains a ScholarPoint Consolidation loan while in a grace or deferment period with the 0.50% discount for setting up auto-debit applied and a 1.00% discount for 24 continuous, on-time payments applied (meaning actual rate as of the 25th month of repayment). Assumes the borrower had all loans to be consolidated disbursed on or after 7/1/98. The formula to determine the base consolidation rate is a weighted average of interest rates on the loans consolidated, rounded up to the nearest 1/8th of one percent or 8.25%, whichever is less.