http://www.gettingdebthelp.com/debt/consolidate-debt/consolidate-student-loan-debt/ Consolidate student loan debt and wave goodbye to variable interest rates. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Get out of the high numbers game and into savings when you consolidate student loan debt. Right now, you can still lock in a reduced, FIXED rate on your college student loans - as opposed to the fluctuating, variable rate you are presumably paying under the terms of your existing loans. If you need to consolidate student loan debt now is the time to do it. Saving in a Major Way Consolidate student loan debt and save in a major way. For the most part, the players in the student loan debt field essentially require an applicant to have a minimum of ten thousand dollars debt from at least one student loan. If you elect to streamline your student loan payments in this fashion, you could be one of the last group of applicants to receive a FIXED rate for the life of your loan. This is because Congress will be heading in to battle it out - there are proponents and opponents of the fixed vs. variable rate on student loans debate. Depending on what is decided in Congress in 04', you may not be able to ever get a FIXED rate on your student loans again. Consolidate Now If you do act before a negative consolidate student loan debt decision, however, you will lock in a reduced, fixed rate for the life of your loan. Even if Congress eliminates fixed rates, yours will be secure if its dated prior to the date of reckoning. The way your fixed interest rate is calculated is by configuring the weighted average of your existing interest rates, rounded up to the nearest one eighth. When you consolidate student loan debt, you keep the same rights and privileges you've always had - such as deferment and forbearance. Applying to consolidate debt while still in school or in your grace period will bring you further savings. It is encouraged to do so in order to qualify for further discounts. Get your today when you apply for your federally guaranteed debt eradicator. You will be happy you did. Move on so that you can free your mind of the anxiety that accompanies debt. Cultivate and grow your mind further today. Sat, 26 Jul 2008 15:00:00 EDT