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I have a friend who will be starting school this coming August and she has about 25k in debt. Should she consolidate her loans now? The interest rates will probably be rising and after her 4 year stint in school it will likely be higher than it is today. Congress and Bush are trying to make all consolidation loans be variable rate instead of a fixed rate which may be a bad thing for her if she consolidates later. It seems like she should consolidate now and try to defer it while in school. Should she consolidate and who would be her best choice given her circumstances? UHEAA? T.H.E.? Graduated Leverage? The extended repayment plan requires at least in 30k debts, so I guess she would be stuck using the standard repayment plan. Any Ideas?
