Important News YOU HAVE TO Read Before You Consolidate Student Loans!

You are paying a significant amount of for your Federal student loans, and your fed up with never having extra cash on hand for the things you would like to be doing, and feeling a bit disillusioned in what life after graduation would be like. Your not alone! Millions of College Graduates are having exactly the same feelings, facing the same fears, and wondering what on the globe happened. It wasn't said to be like this! You may have had wide eyed visions of dinner parties and eating out. Driving a nice car and climbing the right path up the corporate ladder. Nonetheless it takes time to climb the ladder of success and for the time being, once you graduate, your student loan grace periods commence to expire and before very long, your deep in debt and in the red each month with no bling left over for any of those things you looked forward to having the capacity to do. So you work and you scrimp and you save, however now the payments are behind and the service charges and late fees are accumulated and you are not earning enough yet to create up for it. So what happens now you ask?? STOP... that's what.. and listen closely if you want this seemingly endless circle to avoid in order to catch your breath.

Have you ever considered the possibility of consolidating your student education loans? When  festival  consolidate, you take all of your student loan payments and combine them into one new consolidated education loan, one with a lower payment total than what you had been paying. The most typical reason graduates choose to go this route would be to lock in a fresh loan with a much lower interest rate, which in turn creates more cash flow for you each month and much more cash readily available for other expenses you'd much rather be spending your dollars on. Choosing to consolidate your student loans can save you around 63% from everything you were paying for your student education loans prior to consolidating. If this sounds like something you might consider doing, I hate to pressure you, nevertheless, you ought to be aware that in case you are in fact thinking about consolidating your student loans, you should act fast and research your facts to find a reputable lender and apply as quickly as possible because come July 1st 2006, just a short time from now, the federal government is going to do it's yearly student loan interest rate adjustment and students all across the US are likely to feel a crunch like nobody has ever felt before. Also it happens this year! Until recently, this has shown little influence on those desiring to consolidate their loans.

The US Senate has recently announced that this is usually to be the single largest education loan interest rate hike we've ever seen. Federal Direct and Stafford loans alone will see a rate increase from 4.7% to 6.8% which equals A lot of extra cash flying out the window every month in interest alone! Their reason? The Senates $40 billion dollar deficit reduction plan, and the student loan industry will undoubtedly be hit the hardest. You must take action and obtain busy right now! Be sure you know what kind of student education loans you presently have (Direct loan, Stafford loan, private loans etc) and what the grace periods are for every student loan you have and what your eligible for. Then embark on a massive hunt for probably the most reputable and established Lender you could find and fill out an application so you can lock in today's low rates prior to the hammer falls on July 1st.