Loyola's Office of Financial Aid would like to alert you to an opportunity to consolidate your federal student loans before the end of the 2006 Spring Semester. If you have one or more student loans, you can better manage the cost of your loans through the William D. Ford Federal Direct Consolidation Program. Current interest rates on student loans are at historic lows. All indications are that the interest rates for Federal Direct Stafford Loans are expected to increase on July 1, 2006. Consolidation enables you to convert your variable rate student loans into one single loan- at a lower fixed rate. If you act before the last day of the 2006 Spring Semester (May 11, 2006), you will still retain your six-month grace period and all borrower benefits including deferment. Applying is fast and easy. You can apply at www.loanconsolidation.ed.gov . More detailed information on loan consolidation and a list of Frequently Asked Questions is available by clicking here. If you need additional support, contact the Federal Direct Loan Servicing Center at 1-800-848-0979. | 
