Attention New College Grads: Consolidation rates on some student loans will drop to 3.61 percent after July 1, 2008. Read my column in the Sun-Times on Monday, June 2nd column, and post your comments and questions here!
SNEAK PREVIEW: Student Loan Rates to Drop
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Terry Savage
Terry Savage writes a syndicated personal finance column for the Chicago Sun-Times and for TheStreet.com. Her latest book is "The Savage Number: How Much Money Do You Need to Retire?" Read more at TerrySavage.com.
Terry,
I make regular and timely payments to Sallie Mae but receive dozens of calls per month telling me I'm late.
I'd really like to refinance and get them out of my life.
Where can I turn for new financing and I'm thrilled to hear lower rates may be coming.
Thanks
SAVAGE SAYS: If you haven't consolidated your loans yet go to the Department of Educations's Direct Loan program. Here's the linlk: http://loanconsolidation.ed.gov/borrower/borrower.shtml