consolidation loan school student

Last-Minute Consolidation Still Available for Law Students ...

PASADENA, Calif., June 30 /PRNewswire/ -- The deadline for student loan consolidation -- and thousands of dollars in savings -- is just hours away.

Although thousands of student-loan borrowers have taken action to consolidate their loans, thus avoiding the July 1 interest-rate increases, many have procrastinated and hesitated until the last moment.

Despite warnings from public and school officials, members of Congress, and financial experts, many consumers still have unconsolidated student loans.

For law students and attorneys, high-balance, unconsolidated loans could end up costing them tens of thousands of dollars in added fees and interest beginning tonight at midnight.

"It's just like holiday shopping," said Law School Loans CEO A. Harrison Barnes.

"Some people are going to have everything taken care of and wrapped up months ahead of time, and others are going to wait until the day before -- or even the day of -- the big event."

Barnes said that his company, which specializes in student loan consolidation for J.D.s, has been flooded with consolidation applications since the new, higher interest rates and deadline were announced in February.

More consolidation loan school student info

MOHELA names Bayer executive director

He has been with MOHELA for nearly 21 years. Prior to taking the interim post, Bayer directed MOHELA's School and Lender Relations efforts for 17 years, and served as MOHELA's associate director of business operations, including loan consolidation, loan origination, loan servicing and system development.

MOHELA is one of the largest nonprofit student loan secondary markets in the nation, with more than $5.2 billion in assets, and loan purchase activity in excess of $1.2 billion per year.

.

More consolidation loan school student info

consolidation loan school student Link Partners and Resources