If you’re pondering whether or not to consolidate student loans, consider this; all college loans have unique attributes, and not all may be perfectly suited for student loan consolidation.
July 1, 2006 is D-day for Federal Student Loans
Mark the date if you have student loans or plan to take out student loans, major changes are in the works that will impact you on July 1, 2006. This is what you need to know to make an informed decision.
4 Reasons to Consolidate your Student Loans On or Before July 1st 2006
Every year, student loan interest rates are reconfigured on July 1st. In recent years, this date has come and gone with no cause for alarm, but this year is different. The impact on students is a drastic interest rate hike on all federal student loans including the Stafford loan, the PLUS loan, the Consolidation loan, and the Perkins loan.