Sorry to use the BBS for this but I've taken on this cause & it's consuming me so I thought maybe you all would like to know about it. If you don't have student loans you probably don't care so you can just skip this post but if you do, this should be of interest to you. Under the Higher Education Act of 1965 you are only able to consolidate & refinance your student loans once. If you are paying more than 2% interest right now you are being screwed and there is nothing you can do about it. When my husband & I consolidated a few years ago we got 8%. This was a great rate at the time & we were thrilled. If we were to consolidate today we could get 1.75% but we can't because it's not allowed. You can refinance you car or your house or consolidate all your credit cards but you can't refinance your student loans. There is a bill that has been proposed called The Student Loan Fairness Act of 2003 & it needs your support. I have letters to the newspaper, Congressmen, & Representatives that anyone can use. I will even look up your Congressmen & Representatives for you if you would like.
If you want copies of these letters or email addresses or physical addresses for your state's Congressmen (congresscritters as Ginger calls them)& Representatives let me know & I will send them to you. You can also go sign this petition
http://www.petitiononline.com/CLAA2003/petition.htmlSorry to get political on you guys.
Kris
