2006-06-28 14:29:51 · 4 answers · asked by DaDirtySouth 5 in Business & Finance ➔ Personal Finance
I think it might be more than 2% - it's based on the T-bill rate as of May 31st and as the previous poster stated, you have until Friday to consolidate and lock in at the lower rate. Rate changes every year on July 1st.
Even if you haven't graduated, consolidate what you have now to guarantee the lower rate. Guidelines state you can only do it once, but there are dozens of places that will consolidate afterwards. By consolidating while you're in school, you will lose the 6 mo grace period after you graduate to start repayment (you won't have to pay while you're in school) but I think a lower interest rate is well worth giving up the deferral!!
2006-06-28 15:07:53 · answer #1 · answered by jfrabell 2 · 0⤊ 0⤋
YES they are . Dubya is at it again ...:(
I suggest that u consolidate as it will save you a LOT of money.....If u r inschool...u willl need to call up ur servicers and ask them to put your loan in repayment status and than you cud call a loan consolidation company to consolidtae ur loans at the current loa fixed rates. Hurrryy..u ve only 2 days...ie incl. today....
Call and chk if the guys at 1800-446-5418 r able to help u...this is the only no. that i had and heard good abt.........however they can help with only loans that r above 20 K.
Cheers.
2006-06-29 14:00:28 · answer #2 · answered by neelam k 1 · 0⤊ 0⤋
Move fast. It takes 15 minutes to fill out the form (which can save you thousands of dollars). FRIDAY IS THE DEAD LINE.
2006-06-28 23:25:05 · answer #3 · answered by Common Sense 7 · 0⤊ 0⤋
yeah. you have til friday! but my financial aid advisor told me not to consolidate until I am just about to graduate so talk to yours.
2006-06-28 21:33:32 · answer #4 · answered by flutterflie04 5 · 0⤊ 0⤋