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Is now an especially good time to consolidate?

April 26, 2017consolidate especially good time

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Is now an especially good time to consolidate?

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Yes. The borrower-friendly fixed-rate consolidation loan option (which may be as low as 2.875 percent for lenders who consolidate before July 1st) is likely to be replaced by a variable rate option in the near future. With interest rates on the rise and expected to be at least 1.5 percent higher after July 1st, graduating seniors with Federal Stafford Loans are strongly encouraged to consolidate before that date.