Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
So, I've been waiting for years to consolidate my loans with a fixed rate. The rates at the time of my last graduation were between 6-7%. That was too high so I left it. Each year I call at the end of June to get the low down on where they think the interest rates will go for July. July is the dead-line to get the previous year's rate. I thought I would consolidate this year because the rates dropped to 3-4% and that was pretty good. I didn't do it because I've been crazy busy and dropped the ball. Since I have automatic withdrawl I don't check my account often unless I want to review the rates.
Well, I just did and they have dropped to 2.3%. I can't believe it.
Well, one of the reasons to consolidate, for me, would be to get a fixed rate. Subsidized loans are usually variable, IIRC, and a student has to wait to consolidate and fix. If you're a currect student, you probably can't do it now.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
