Face it, these days money is cheap! On Wealth With Mortgage, I spend a lot of time talking about what mortgage rates are doing. Too often other large pieces to the financial puzzle are overlooked. Recently, I came across an excellent article in the Wall Street Journal. The article was discussing the tightening of student loans and the opportunities of consolidating them.
With the recent tightening of credit guidelines, the government has opened up some opportunities to get some super cheap money in the coming months. According to sources, after July 1st, the interest rate on these consolidation loans is expected to drop at least 3% to at least 3.25%! Do I have your attention yet? Talk about saving some money!!
If you’re interested in seeing if you qualify for these lower rates, you can visit the Federal Direct Consolidation Loans website.
I hope this advice saves you some money! If you come across opportunities like this, please pass them on! Together we’re smarter.
