what is the scoop on the raising of interest rates on student loans?

Answer 1

Actually, all interest rates have risen and a number of the student loans have variable interest rates such as Stafford Loans. Today is deadline to consolidate them. I just did that myself. However I did it through the Department of Education. I didn't understand this myself until I called them asking why I was getting so many calls from lending insitutions asking me to consolidate. When interest rates are rising consolidation will lock your rate in.

Answer 2

The government is greedy and they want to make sure they can keep us poor people at the bottom of the heap.