The ABCs of consolidation
This is an annual feature: parents and students wondering about the big consolidation question. While most students this year will not have to think too long before saying yes, there are still quite a few people out there who haven’t been able to demystify the consolidation conundrum. Heraldnet.com reports:
Recent changes in federal legislation will prohibit in-school borrowers from consolidating beginning July 1. This is why if you are in school, you need to beat the June 30 deadline. I should also note that federal student loans first disbursed on or after July 1 will now have a fixed interest rate of 6.8 percent for the life of the loan. This fixed interest rate will apply to both in-school/grace and repayment periods.
Read more: Demystifying student loan consolidation
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