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| Date: | Mon, 15 May 2006 12:34:31 -0400 |
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FYI
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http://www2.salliemae.com/news
Sallie Mae news
Mark the date to lock the rate! Consolidating student loans before
July 1 may save current students, new graduates and parents
hundreds-or even thousands-of dollars in interest.
Interest rates on student loans are expected to rise between 1.5 and 2
percentage points on July 1, making it critical for students and
graduates to add the application for student loan consolidation to
their list of required reading this spring.
Student loan consolidation allows borrowers to combine their
outstanding loans into a single, new loan with a fixed interest rate
and a lengthened repayment term. By locking in today's interest
rates-the fourth-lowest in the history of the student loan
program-students, graduates and parents with variable-rate loans will
protect themselves from future interest rate hikes. MORE
Because the deadline to lock in today's interest rates is approaching,
borrower should make sure they are applying with an eligible lender.
Sallie Mae offers tips for selecting a consolidation lender and
finding the best deal.
Sallie Mae offers special services and assistance to help borrowers
meet the deadline and secure today's low rates. Borrowers can access
calculators and complete an online application in minutes at
www.SmartLoan.com.
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