Your Six Month Grace Period on Federal Stafford Loans May be Expiring Soon! | 10.25.05

Posted in Consolidation, Stafford Loan By Student Loan Network Staff

Attention Class of 2005! If you have Federal Stafford loans, your 6 month grace period will be expiring soon. This is your last chance to fix your loans at the lowest rate possible! You should receive (or may have received) a notice from your loan servicer(s) letting you know that your grace period is set to expire.

If you didn’t already know, the interest rate on a Stafford loan is 0.6 % lower if you consolidate before repayment period begins. This means that if you consolidate your loans before your grace period expires, your interest rate will be fixed at the lower rate. This 0.6 %may not seem like much now, but over repayment, it can add up to hundreds, even thousands of dollars in savings’. Please call now to take advantage of your grace period, and get started on your consolidation. Remember it is your Federal benefit and it’s free!

Thank you,

Customer Service
The Student Loan Network Team


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