How Can I Lock in Low Education Loan Interest Rates?
Monday, July 14th, 2008Basically, you will need to consolidate your student education loans. If you still need to take more loans, you can consolidate again at a later time. Unfortunately, once you reconsolidate, your interest rates may go up on all of your loans. That said, you may decide that you would prefer to work your way through college, or see if you can obtain credit for life experience. As may be expected, if you can stop taking Perkins student loans now, it will make it much easier for you to lock in the currently low interest rates. On the other hand, you may want to wait a bit longer, and see if the Federal Reserve Board will lower rates a bit more.