Submitted by david (not verified) on June 10, 2008 - 9:50pm.
If someone in the class of 2008 has variable rate loans, they probably have fixed rate loans as well - that said, the weighted average rate on their loans will not be as low as you state.
The need to "lock-in" variable rate loans at a "lower" rate wouldn't be necessary if Congress had not switched the rates from variable to fixed in the first place.
There are other options besides loan consolidation when it comes to repayment and student loan portfolio management.
If someone in the class of
If someone in the class of 2008 has variable rate loans, they probably have fixed rate loans as well - that said, the weighted average rate on their loans will not be as low as you state.
The need to "lock-in" variable rate loans at a "lower" rate wouldn't be necessary if Congress had not switched the rates from variable to fixed in the first place.
There are other options besides loan consolidation when it comes to repayment and student loan portfolio management.