Meharry Loan Consolidation Primer

[2] you graduated or will graduate between July 1st 2005 and:

	a. consolidated after July 1st 2005 Graduation b. not consolidated -- will graduate by June 30th 2006 c. consolidated all eligible loans with in-school consolidation d. completed in-school consolidation with additional outstanding eligible unconsolidated loans

Unless you have a carefully considered, documented and verified reason NOT to consolidate, then you should consolidate now, preferably before the end of your six-month grace period!

Consolidate After July 1^st 2005 Graduation:

Consolidating after July 1st 2005 and before the anticipated July 1st 2006 changes in the Federal student loan and consolidation programs take place was and is a very astute and financially savvy move. Considering that the Prime Rate, the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers) as of January 18, 2006 is 7.25%; even with the recent rate increases, Federal student loans and student loan consolidation remain an outstanding financial bargain and important money management tool! Locking in the lowest simple interest fixed rates available may save you tens of thousands of dollars depending on your loan balance.