Interest rate increase on Student Loan

[Admin]

On July 1, interest rates for student loans are expected to increase up to 40%. Students with a debt of $20,000 could pay as much as $4,900 more over the life of their loans in a 20-year period. The rates are based on the 91-day T-bill auction that occurs each May. Based on today's current T-bill auction, rates will jump as much as 2%.
<http://biz.yahoo.com/prnews/060517/law001.html?.v=40>

Google "student loan july increase" for more information. Do not make the mistake by not consolidating your college loan. Save money in the long run, especially if you have a hefty debt from grad school.