October 5, 2007
Why should I consolidate before the end of my grace period?
Your grace period ends 6 months after you graduate. For most people, that’s coming up fairly soon!
Now is the time to apply for a consolidation, to make sure your loans are consolidated before your grace period ends. Why?
Because the day after your grace period ends, your interest rates go up! Consolidate before the end of your grace period to lock in the lower rates. One day later can literally cost you thousands of dollars, depending on your loan balance.