I just received an email from Sally Mae saying that congress is trying to change college loan rules on July 1 and that it may result in higher interest rates. We have several Sally Mae loans for our two kids and they are suggesting we consolodate them and they will guarantee us the lesser of the pre or post July 1 rates should they change. Does anyone know anything about this? It sounds like it could be scam, or a really good deal. How to know???

Thanks,

mtq11