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Old 08-25-2003, 02:30 PM   #6 (permalink)
Grouper
Crazy
 
Do, however, remember that student loan interest rates adjust once a year (in July I believe). Interest rates are currently at their lowest historical rates. When you consolidate, you lock in at the current rate. I don't think that any of them have a pre-payment penalty so if you wanted to pay it off in the same time period, you could.

I've got about $75K from undergrad and grad school which I consolidated when I first got out. If I could do it again, I would just for the lower rates.
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