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I just have to ask:

Okay-- When I got out of school (2 years ago) I had a small loan from AFSA, several small loans from Sallie Mae and some other folks, and then a humungous loan in my mothers name from USA Group.

I consolidated all of the Sallie mae loans into 1 (a fixed rate of 7.5%, but left out the AFSA loan because the interest was lower. I couldn't do anything with the USA group loan because its not in my name.

Now I would like to take advantage of the July 1st consolidation, etc. business, but I'm wondering if I'm disqualified because I have a fixed rate loan. Is this true? Even if I consolidate the AFSA loan with the Sallie mae loan through Direct Loans? A very SIMPLE explanation would be appreciated.


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