Headline »

Let’s face it financial aid is as confusing as it is necessary to a college education! That is why we have designed this website to act as a guide and solution to your financial aid concerns. Please use our free resource to find answers to your questions on every type of college financial aid question! […]

Read the full story »
Financial Aid News
Scholarships
FAFSA
College Planning
Saving for College
Home » Financial Aid News

The Student Loan Consolidation Race

Submitted by

May 14, 2006

The low interest rate on Stafford Loans and other federal loans is about to change. Due to the Budget Reconciliation Act of 2005 the interest on federal loans will rise 2.0 percentage points in July. That means that if you have not done so already it is in your best interest to consolidate your student loans now! Financial Aid advisors say that it is best to consolidate your loans now as paperwork could take up to a month to process.


Tags: , , ,

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.