4 reasons to consolidate your student loans before July 1 2006

Each year, interest rates on student loans are in accordance with the July 1. In recent years, that date came and went with no reason for concern, but this is different. As part of a plan to heal the nation $ 40 billion deficit, the Senate approved a $ 12.7 million federal student loans between 2006 and 2011. The impact on studentiegli is very high taxes surfédéral interest student loans, including Stafford loans, PLUS loans, consolidation loan funds and Perkins loans.

1st Raising interest rates student loan >
After July 1, the new federal law on interest on Stafford loans will rise from 4.7 percent to a variable amount by 6.8 percent, while PLUS loans will increase by 6.1 percent a varying amount of 8.5 percent. Colegioa avoid implementingale rocket block low fixed interest payments by consolidating loans.

2nd Last chance for the "school" consolidation >
With the new legislation, students who stay in school is unable to borrow them after 1 July 2006. It 'more important than ever for students and those of his post-graduate GRACtra others to seize the opportunities and types perfeccionarncer lock in place before July 1

3rd July 1 marks theend of consolidation huwelijk >
Another student of restrictions on the loan of consolidation of spousal consolidation loan. For years, young people have benefited from the simplicity and financial benefits of consolidating your student loan payments. Married couples are able to build this opportunity to ask loan consolidation first married on 1 July.

4 . Are you with the lender >
From 1 July neplus borrowers to consolidate the prestiti another lender. Unless the lender does not offer consolidation loan with income sensitive repayment period, borrowers have no options when it comes to the tour more attractive offers and business.

Or not unozione of July 1 >
If you have not already consolidated their loans yudiants, contact with a student loan consultation and refinancing more tôtpossible lender. Go online and compare different companies loan online, read the terms of the loan, the use of online calculators to understand their potential and SAVgen contact with a student loan consolidation experts with a list of questions.

Student loan consolidamentoAntiles offer many advantages, not to mention the new benefits, such as a safe haven from the July 1 increase in interest rates. As payments are combined and spread over a longer period longuee, the monthly payments are reducedoptimum, freeing cash for young adults beginning their careers. Furthermore, with the opening of a loan is more favorable in terms of credit, unlike many loans that were launched in May with a lower overall FICO score.

Refinancing made before 1 julioNNE students last chance to close with a low interest rate and take advantage of others who may soon be saving money and cutting programmi PROGRAM.