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Are student loan rates really going up?

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peabody
LET'S DO IT AGAIN!!!

Member since 7/03

3197 total posts

Wedding Date:
10/1/2004 4:00 PM

Wed. Location:
Timber Point Country Club in Great River

Are student loan rates really going up?

I am trying to figure out if I should consolidate and lock in a rate.

My student loans have been a variable rate since I graduated in 97, but deferred until 2000 bec I was in grad school.

Anyway, the rate right now is like 2.17 for all 4 loans.

Should I lock in a rate and consolidate?

Are the rates really going up?

They said the same thing last summer and my rate actually went down.

Posted 6/7/05 2:56 PM
 

cjb88
I'm a married lady!!!

Member since 11/04

7315 total posts

Wedding Date:
4/8/2006 6:00 PM

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Hamlet Willow Creek A+++++++

Re: Are student loan rates really going up?

i consolodated earlier in the year and my fixed rate is 3. something...

i did also hear that as of a certain date that the rates will be going up... there was a thread on here a few days ago...

Posted 6/7/05 3:01 PM
 

dpli
"I'm Addicted"

Member since 1/04

2471 total posts

Wedding Date:
11/7/2004 3:30 PM

Wed. Location:
The Swan Club

Re: Are student loan rates really going up?

I saw something on Good Morning America about this last week - the financial person was on and said it is a good idea to do it now - I think before July 1st to lock in the rate, since the rates will be going up.


I found the story on their site:
http://abcnews.go.com/GMA/MellodyHobson/story?id=787082&page=1

Message edited 6/7/2005 3:46:20 PM.

Posted 6/7/05 3:44 PM
 

MonkeyLuv
It's An Obsession

Member since 8/04

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1/1/2012 12:00 AM

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booked

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Message edited 12/31/2006 11:41:20 AM.

Posted 6/7/05 3:52 PM
 

nov04LIbride
Asshatery: Nature or nurture?

Member since 3/04

8138 total posts

Wedding Date:
11/6/2004 11:00 AM

Wed. Location:
Hard-boiled eggs also have hearts of gold.

Re: Are student loan rates really going up?

I called and they are definitely going up drastically July 1st.

Liz--You can consolidate while in school, but only for the amount you have received so far (so no future loans).

Posted 6/7/05 4:25 PM
 
 

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