consolidation corporation loan student

Lock in to student loan rates now

About 74,000 current and former college students will be paying hundreds of dollars in higher interest rates to the S.C. Student Loan Corporation unless they lock in lower rates by the end of Friday.

The agency's 130 phone lines were jammed Wednesday with callers trying to find out how to avoid a nearly two percentage-point rise in rates that takes effect Saturday under new federal rules.

"People are calling left and right. Everyone wants to consolidate," said Mike Fox, spokesman for the Columbia-based nonprofit agency.

Consolidation is not the right term, Fox said, because borrowers with just one student loan also need to fill out the paperwork to lock in their current interest rate — 4.7 percent while they're still in school and 5.3 percent six months after they leave.

More consolidation corporation loan student info

Selecting Student Loans for College

RESTON, Va., July 13 /PRNewswire/ -- A college education is an invaluable investment in one's future. And, while media reports inevitably tout the increasing cost of going to college, they often fail to mention that financial aid also has increased. When it comes to getting a loan for college, in fact, roughly two-thirds of students look to low-cost student loans.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )

.

More consolidation corporation loan student info

consolidation corporation loan student Link Partners and Resources