DON'T REFI TILL JULY

摘要

Students or former students tempted to join the refinancing wave and consolidate variable-rate government guaranteed student loans should wait until after July 1. The Fed's recent cuts mean that rates on these loans could be around three percentage points lower when rates are reset in July, says Mark Kantrowitz, publisher of FinAid (finaid. org), a student aid Web site. "These projected decreases represent the largest decrease in federal education-loan interest rates since 1992, and maybe even in the history of the program," he says.