Good Time for loan Consolidation?

New Federal Consolidation Loan interest rates have increased.February 19th rate: 4.750%.

Loan consolidation

New Federal Consolidation Loan interest rates have increased.February 19th rate: 4.750%.Consolidation helps you to:Lock in your student loan consolidation interest rate.Lower your monthly payment by extending your repayment term.Save money with Access Group's student loan consolidation incentives.If you apply on or after July 1, 2005 the weighted average interest rate on your consolidation loan will be calculated using the higher interest rate (Febuary 19th rate 4.750%). Federal regulations set when this higher rate goes into effect. You may still choose to consolidate at this higher rate, however you should weight the pros and cons carefully before deciding whether to consolidate.