Consolidate Your Student Federal Loans Now
If you are a former student with federal student loans (Stafford and PLUS loans originating before July 1, 2006), now is the perfect time to consolidate your loans.
Consolidating your loans will enable you to lock in the current low rates potentially saving your thousands of dollars in interest payments. This may be your last opportunity to get these historically low rates.
Student loan consolidation combines federal education loans into a single fixed rate loan. Rates have dropped last July 1st so now borrowers with Stafford loans who consolidate can lock in a rate of only 2%. Plus loan borrowers can lock in at 3.38%.
Borrowers wanting to consolidate need to contact the Federal Direct Consolidation Loans program at the U.S. Department of Education by visiting LoanConsolidation.ed.gov.
Related Article: Lower Your Student Loan with the Income Based Repayment Plan
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11:44 pm on October 17th, 2009
Thank you! This is just what I was looking for. Keep up the great work!