bad consolidation credit loan student

Today is the Deadline to Save on Student Loans

For the past several months, sources all over America have been strongly advising student-loan borrowers to consolidate their education loans.

Ever since the passage of the Deficit Reduction Act in February, officials in government and lending have known that interest rates for all student loans would rise drastically at midnight tonight.

Opinion leaders, administrators, and many members of Congress have issued statements pleading with borrowers to consolidate loans and lock in the currently low interest rates.

Sen. Ted Kennedy (D-MA) wrote in a recent blog entry, "Please take a few minutes to see if student loan consolidation is an option for you ... I urge you to take advantage of this important opportunity while there is still time to do it."

Also, according to Rep.

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MyRichUncle, InYourFace

In the highly competitive student loan market, a new lender trying to get a bite at the apple has a couple of options. The safe but slow route is to try to persuade college financial aid directors — who are often gatekeepers to the lenders' potential customers, the students — to recommend them, formally or informally. With a series of eye-catching full-page ads in The New York Times and USA Today and a strategy of undercutting other lenders on its base rates for federal student loans, a new company called MyRichUncle has chosen the alternative route: seeking to win over individual borrowers.

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