Interest rates on student loans will increase as of July 1, 2006. The deadline for consolidating student loans is June 30, 2006. I am urging all my fellow student loan holders to consolidate their student loans before the deadline to lock in the interest rate.
The last of my loan was added to the ones that were already consolidated.
Once you consolidate you loose the grace period. This is a small price to pay to lock in a lower interest rate.