Graduated Learning: Life after College

I got my degree, I got a job…now what?

My student loan rates dropped again! July 5, 2008

Filed under: Personal Finance — Stephanie @ 2:32 pm
Tags: , , , ,

I mentioned before that my student loan rates had dropped a few times.  Well, it’s happened again!  I was actually looking forward to July 1st.  Yeah, I know, so lame.  But yep, my variable rate is down to 5%!  So that’s pretty excellent.  It went from 8.25% to 7.5% to 6%, and now to 5%.

Now something I’m not quite certain of is if I could consolidate my loans at this rate.  I’d assume that the Fed rates don’t have too much distance to go (it’s at 2% right now, so really, it can only drop down 2 points, right?), and so it would be pretty low.  I just don’t know for certain how to go about it.  I consolidated my Federal student loans after graduation, but I just left my private loans as they were.  Have any of you done this?  I guess I could just call the company that my loans are with and ask them how it works, but I think I’ll at least hold off until after this weekend.

Happy Fourth of July!

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