July 1, 2006 Extension On Student Loan Consolidation Coming To An End ... As of July 1, 2006, student loan borrowers who did not get a chance to consolidate their outstanding student loans felt the impact of the interest rate increase... Federal student loan interest rates on July 1, 2006 increased by 39 percent (a 1.84 percentage point increase), which drastically increased payments for borrowers who did not meet the consolidation deadline...
Student Loan Consolidation July 1 Interest Rate Hike Nears ... With the changes set to occur in approximately two months it is important for college students to consolidate prior to the July 1 deadline... With all the expected negative changes, students could find it impossible to consolidate their loans after July 1...
Student Loan Consolidation - Lock In Rates Before July 1 ... A host of problems for the federal student loan program began in February when, as part of the Deficit Reduction Act of 2005, more than $12 billion was cut to the federal student loan program. Along with those cuts were interest rate increases and changes to student loan consolidation such as the elimination of in-school and spousal consolidation options, and the retention of the single holder rule...