To help fund the No Child Left Behind Act as well as reduce the Federal deficit, President Bush and Congress have changed student loan consolidation provisions of the Higher Education Act, with the added Deficit Reduction Act, to take effect July 1, 2006.
Specifically:
• Interest rates - GOING UP!
• Spousal consolidation loans - GONE!
• In-school consolidation loans - GONE!
If you want to take advantage of these consolidation options before July 1, 2006, please apply now. We'll work with you to maximize grace period and other repayment options that'll be in your best interest.
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