http://www.aboutdebtmanagement.com/student-loan/student-loan-debt/ Student loan debt can be impacted. Get a reduced, fixed rate on your new student loan debt consolidation package and save time and money! en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 When is the right time for you to do something about your student loan debt? As soon as possible! What can happen when you apply for a federally-guaranteed student loan consolidation package? You will save time and money with a reduced, fixed rate. With student loan debt consolidation you can save money. Make your way out of school loan debt today. A fixed student loan debt rate A fixed rate is the way to go as it will never change for the life of repayment of your student loan debt. Chances are, if you haven't sought out some form of student loan debt management, you may be currently paying at a variable rate. What's wrong with a variable rate? Nothing really, except it is vulnerable to economic influx and will change according to mandates. This means your rate could jump as high as 8%. Student loan debt lessened Right now is a good time to lessen the burden of your student loan debt under one of these consolidation packages as currently we are enjoying unprecedented lows in interest rates. Many applicants have scored fixed rates under 2%! This is almost unheard of. Not a one-shot deal either; because they've locked in this fixed rate, it will never change, regardless of how long it takes them to completely pay off their student loan debt -- be it nine years or ninety. And with the rising cost of tuition, a ninety year repayment period doesn't exactly sound that farfetched! Know your limits, know your financial ability, and know for yourself the best means to paying off your debt. Keep all the same rights under your new student loan plan Retain all the same rights and privileges as you are currently holding under the terms of your existing student loan debt plans. Things like deferment and forbearance. Also, as added incentive, apply for a student loan consolidation package before graduation or during your grace period and get rewarded with extra reductions in your plan. Do look into one of the consolidation packages soon, as, during the time of this writing (summer 2004), Congress is currently debating whether or not to do away with the fixed rate on these types of student loan debt repayment plans. If you act on it before judgement day, you will still be able to lock in your reduced, fixed rate before Congress gets the chance to veto it! Sat, 26 Jul 2008 15:00:00 EDT