Get Notice 2003-61 - Weighted Average Interest Rate Update. Weighted Average Interest Rate Update. The

What Is a Weighted Average Interest Rate? It means that your interest rate will be based on the interest rates of the loans you would like to consolidate. And your highest outstanding federal loan balance will have the biggest impact on what your consolidation interest rate will be.

What is a Weighted Average? A weighted average interest rate is an average that is adjusted to reflect the contribution of each loan to the total debt. The weighted average multiplies each loan's interest rate by the loan balance and divides the sum by the total loan balance.

Generally, the Weighted Average Maturity of a Bond Issue is the sum of the product of the Issue Price of each maturity of the Bond Issue multiplied by the number of years from the Closing until that Maturity Date divided by the Issue Price of the entire Bond Issue.

In calculating a simple average, or arithmetic mean, all numbers are treated equally and assigned equal weight. But a weighted average assigns weights that determine in advance the relative importance of each data point. A weighted average is most often computed to equalize the frequency of the values in a data set.

For example: The weighted average for your quiz grades, exam, and term paper would be as follows: 82(0.2) + 90(0.35) + 76(0.45) = 16.4 + 31.5 + 34.2 = 82.1. This means you have a grade of 82.1% in the course.

Weighted Average Yield means with respect to any Loan, on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan.