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Author Topic: Consolidate Your Student Loans NOW... Rule Change  (Read 1433 times)

carpenoctem

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Re: Consolidate Your Student Loans NOW... Rule Change
« Reply #20 on: June 27, 2005, 10:02:39 PM »
So what happens with loans that we take after July 1, 2005? Can we have 'em consolidated as well?
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MSUDuster

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Re: Consolidate Your Student Loans NOW... Rule Change
« Reply #21 on: June 27, 2005, 10:20:08 PM »
After July 1st you can still consolidate, but at a higher interest rate.

As long as your application is filled out/postmarked by Jun 30, you're ok.

And i screwed myself bad somehow. After my consolidation process was all said and done, i locked in at 3.25% :(. Oh well, it's going to save me apx 3k, so whatever.

michael23

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Re: Consolidate Your Student Loans NOW... Rule Change
« Reply #22 on: June 28, 2005, 11:36:13 PM »
What if all the undergrad loans are subsidized? Once you refi don't you lose the government paying the interest while you are in school? I only have about 10,000 in loans and it seems they would accumulate more in interest while I'm in school if they are not subsidized than they would accrue at a higher insterest rate during repayment.