Time to consolidate students loans is running out

Time’s running out for students who want to save some money on their college loans.The U-S Department of Education has dropped its program that allows students to extend and re-finance their student loans at a new, lower rate. The Iowa Student Loan Liquidity Corporation plans to end its program in June of 2002. Corporation spokesperson Suzanne Lowman says students who haven’t looked at the program should before it expires.Interest rates have dropped to five-point-three-nine percent for students in school or out less than six months, and they’re five-point-nine-nine percent for students out of college and repaying the loans.Lowman says that translates to a two thousand dollar savings for every 75-hundred dollars borrowed. For more information, call 800-243-7552, or surf to www.studentloan.org.