Student Loan Cosolidation Questions

[1LMan]

So it will just automatically sit at 6.8% in 2012 forever?  I imagine the law will be changed by then.  There is no way dems are going to leave the rates that high.

[John Galt]

Whomever is running congress by then, the 2012 congress can vote to "lower" the interest to 3.5%, making themselves seeming like heros by "lowering" interest rates again even though then will be at the same rate. Even better, in 2012 thay can vote to "lower" the rate to 5.5%, thereby claiming to vote for a rate cut, even though the rate will really be higher than it was before. This is the type of bull these assclowns think about all day.

[1LMan]

They should just go back to the old system where federal loans could be consolidated just like any other loan.