Those with Student Loans need to call up your loan place before July 1st to save a lot of money

[dylanmonster]

Interest rates are jumping for federal student loans on July 1st to about 8 percent.

If you consolidate before then (and make sure you have set your loan to "Fixed"), you will lock in the current rate for the life of the loan.

Comments

[glowroper]

Which loan place do we call?

[sebsan8]

any of them. they all have to offer federal interest rates on student loans. I am re-consolidating with Access Loan Group because they are paying me 2% of my total loan to do it, and I get a slightly lower interest rate if I re-consolidate during the low interest period (they take some sort of average between what your old rate is and what the new rate is, it's a little weird). I used to have Sallie-Mae. They are pretty much all the same, as long as they, you know, follow the federal law. ;)

[glowroper]

Thanks - one company has been dogging me, calling every day. Finally I said to them that if this is how they were now, why in heck would I want to spend the next fifteen years with them?

I do find it a bit creepy that the govt sold my soc sec info to random companies. A bit creepy? Make that very creepy.

[dylanmonster]

It's all very creepy.
I am with Direct Loans so I called them.
Good luck

[sebsan8]

oh yeah, totally creepy.