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PASADENA, CA (June 22, 2005) With student loan interest rates set to jump by as much as 65% on July 1, 2005, law students and recent law school graduates are at risk for dramatically heavier student loan payments if they do not consolidate their federal student loans immediately.
“Because interest rates are at their lowest point in 40 years and are going up on July 1, the next few weeks presents a once-in-a-lifetime opportunity that is unlikely to repeat itself,” explained A. Harrison Barnes, CEO of Law School Loans (www.LawSchoolLoans.com). “If you have recently graduated and have not yet consolidated your student loans, you should do so immediately, before the July 1 deadline. If you are still in school, if you apply before the July 1 deadline, you can consolidate now and will not have to make any payments until you leave school.”
In response to concerns raised by law students and attorneys across the United States to Barnes and representatives of the Company, national law school loan consolidation expert Law School Loans has changed its process to allow students currently in school as well as law school graduates to consolidate their loans by filling out applications online and even signing their applications with e-signatures. “Run, do not walk, to a computer; and complete your application by July 1 to qualify for the low rates,” urged Barnes.
“There is so much demand for this product that we had our team of 20 programmers working around the clock to implement this program just a few weeks ago,” detailed Barnes, with several empty coffee cups in front of him. “We have all been going 18 hours a day, and our office is working 24 hours a day. I have never seen so much demand for any product. In terms of helping students and recent graduates, this is just an incredible program the government offers. If I could, I would be traveling around the United States with a megaphone strapped to a helicopter to make sure everyone knows about it.”
With online consolidation, students can lock in low rates quickly, according to Barnes. “Applying online is the fastest method of consolidation,” Barnes said. “If we receive an e-signed application package prior to July 1, a borrower can qualify for rates as low as 1.625%* with interest rate-reduction programs. This is an unbelievable deal.”
To learn more about loan consolidation for law students and attorneys, borrowers can visit the Law School Loans website at www.LawSchoolLoans.com or contact the company (now open 24 hours) at 800-659-8344.
* The ultimate interest rate for a consolidation loan is the weighted average of the interest rates of the loans being consolidated, rounded up to the nearest one-eighth of a percent. Law School Loans reserves the right to modify, expand, or discontinue this borrower benefit program or any similarprogram at any time without notice. Loans disbursed prior to the termination or change date for any borrower benefit will not be affected.
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The federal student loan consolidation program is intended to help students better manage their loans. Because getting higher education is expensive and millions of students rely on student loans to finance their education, federal loan consolidation provides a break for graduates with debt.
