As a result of adverse financial market conditions, Total Higher Education (T.H.E.) Loan Program is temporarily suspending its consolidation loan program.

Fortunately, with the introduction of fixed-rate Stafford loans, and with current variable-rate Stafford loans at a relatively high rate, consolidation is not a critical repayment strategy for most student loan borrowers. When market conditions improve, T.H.E. will re-evaluate this decision.

It is likely that variable-rate Stafford loan interest rates, which reset every July 1, will decrease this upcoming July. That’s because the rate is based on the three-month Treasury Bill rate, which has decreased about 3% since July 2007. We are advising eligible borrowers to check back after July 1, 2008 to determine if consolidation is a smart choice considering their portfolio of loans.

Please contact our Debt Management Counselors toll free at 1-866-562-6672 for questions, guidance or to set up a repayment strategy that is right for you.