Just a note to everyone,

Student Loan interest rates are expected to increase as much as 2 full percentage points within the next few months.

Make sure you check into consolidation so you can lock in a fixed rate before the hike! Consolidation does take some time, so don't wait.

Speaking from experience here --

If I had only known about CB.


~Chase

The current bill will fix interest rates at 6.8%. I can't find the link right now, but it has been discussed before here on the board.

6.8% Yikes! I am glad that I was able to lock in at 4.5 BUT I sure wish I would have been a credit savvy person when I could have locked at ~2.28, which was a little over 2 years ago....

Thanks for the info quilty

~Chase

That makes at least two of us. When I consolidate, I think my blended rate will be something like 4.75. It sucks but it's better than 6.8!

I locked my first loans in at 2.875 or whatever...But I've got more since then...I dunno what my blended rate'll be and I'm not sure if it would be worth it because I don't know if I'll lose the subsidized part of my sub loans if I consolidate them. I think I lucked out with my WF loans, but now I'm dealing with two different lenders

I actually made a post about this recently. I am still a student set to graduate in May. If I consolidate at the in-school rate, will that rate continue even after I graduate? Are there any downsides to consolidating the loans?

I don't think you'll have a "blended" rate under the new provisions ... I think if you consolidate the old loans with the new ones, you'll pay 6.8% I think.

I was referring to if I consolidated (the "new" loans I've gotten w/ the ones previously consolidated) BEFORE the new law goes into effect.