Graduating? Time to Look at Your Loans

Interest rates aren't getting any lower, so student borrowers might want to lock in a consolidated loan -- but a deadline looms

For student loan borrowers, it's that time of year again. They're being bombarded with letters and e-mails urging them to consolidate their loans. And with federal student loan rates poised to go up by nearly 2 percentage points on July 1, consolidation may seem like a no-brainer. But as any business major knows, financial decisions aren't one-size-fits-all, and consolidation, which locks in a long-term fixed rate, may not be the right decision for everyone.

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