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Student Loan Rates to Increase 35% July 1 - Consolidating Now May Save Students Thousands of Dollars (PR Web via Yahoo! News)
San Diego, CA (PRWEB) March 12, 2005 -- On July 1, 2005, Federal Student loans rates will increase by 35-40%. Students who have graduated or are about to graduate need to act now to consolidate their loans to lock in the current interest rates which are the lowest in over 38 years. Students with a debt of $20,000 could pay as much as $4,500 more over the life of their loans in a 20-year period.

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The Direct Consolidation Loans Web Site-this U.S. Department of Education web site provides information to borrowers, schools, and loan holders. Borrowers can apply online for consolidation of their federally insured student loan debt. The Higher...

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