With less than 24 hours left for graduates to consolidate their federal student loans at the current lower interest rates, borrowers are turning to esignature as their last remaining option. On July 1, 2006, interest rates on federal student loans are scheduled to make a near-record setting 35% increase over the current loan rates. Graduates who qualify and apply for a student loan consolidation prior to July 1 will be able to lock in their interest rates, protecting them from the increase. However, graduates' and student loan borrowers application forms must be received before July 1 in order to be protected from the rate increase. (PRWeb Jun 29, 2006)

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On June 15, 2006, President Bush signed into law HR 4939, an emergency budget bill that included a provision for students and graduates with student loans to be able to consolidate their federal student loans with the company of their choice. This freedom of choice comes at a critical time, as graduates face a near-record average interest rate increase of 35% on student loans beginning July 1, 2006. Acting quickly can save graduates hundreds or even thousands of dollars over the life of a loan. (PRWeb Jun 21, 2006)

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With time running out for graduates to consolidate their federal student loans, conveniences such as electronic signature of applications are quickly becoming necessities. On July 1, 2006, interest rates on federal student loans are scheduled to make a near-record setting 35% increase over the current loan rates. Graduates who consolidate their student loans prior to July 1 will be able to lock in their interest rates, protecting them from the rate increase. However, the catch is that graduates' application forms must be received before July 1 in order to be protected. (PRWeb Jun 14, 2006)

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A recent article in the New York Times highlighted what many students already knew – that not only was college getting more expensive, but the amount of federal aid available to students is not keeping up with rising education costs. (PRWeb Jun 7, 2006)

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This month, approximately 4 million college students will leave campus for good, taking away diplomas, friendships, and an average of $23,000 in federal student loans. The first shock of life after college may not be the workforce for many graduates, though. On July 1, 2006, graduates with federal Stafford loans will be facing a significant increase in their student loan interest rates, from their current 4.7% rate to a whopping 6.7% rate or higher. Only by consolidating their student loans well before July 1 can graduates lock in their current, lower interest rates, protecting them from the impending increase. (PRWeb Jun 7, 2006)

Read the full story at http://www.prweb.com/releases/2006/06/prweb395269.htm