Interest Rising on Student Consolidation Loans

The government is raising the interest rate on student loan consolidations on July 1.

If you are trying to decide whether a consolidation loan is a good idea for you, there is more information about the deadlines and loans, go to http://www.loanconsolidation.ed.gov/. There is a consolidation calculator at http://finaid.org/.

Our personal finance contributor talks about student loan consolidation and the coming rise in interest rates on some of those loans.