Student Loan: Move Fast

After June 30, Federal student-loan interest rates are going up a lot.
Each summer the interest rates on both Stafford and PLUS (Parent Loan
for Undergraduate Students) loans are set based on the yield on the three
month treasury bill.

As we are well aware, over the last year interest rates have increased
quite a bit and, specifically, the yield on the T-bill has risen nearly two
percentage points.

However, if you move fast, you can consolidate your loans now and can
lock in current low rates: For Stafford loan, the rate is 3.37%, whereas
for PLUS loans the rate is 4.25%. You can consolidate your government
loans (Stafford, Perkins, PLUS and others) directly through the U.S.
Department of Education's Direct Consolidation Loan program, or
through any govrnment-approved private lender.

For moving fast by knowing more, visit the following sites:
U.S. Department of Education
LoanConsolidation.ed.gov
FinAid.org
SallieMae.com