LAst Chance to Save with Direct Loan Consolidation !

You Must Apply Before June 30, 2006!

On July 1, 2006 interest rates on federal student loans will be increasing from the current variable rate of 4.7% to a fixed rate of 6.8%. Parent Loans will be increasing from 6.1% variable to 8.5% fixed. Consolidating your federal student loans will lock them at a 4.7% fixed interest rate if you consolidate while you are still in school.

Direct Loans is the only lender that provides "in-school" consolidation (this is the lender your Oklahoma State University Loans are through). With "in-school" consolidation you will NOT lose any of the key benefits:

1. 6 month grace period after graduation or below half-time enrollment
2. Interest will not accrue on your subsidized loans
3. Cancellation provisions, deferments and forbearance options will still apply. (Perkins and Health Profession loans have special regulations in regard to cancellation. Please make sure you understand how these could impact you.)
4. We advise you NOT to include your already fixed rate loans, (e.g. Perkins and Health Professions) into your consolidation loan.
5. Additional .25% discount for automatic, electronic payments
6. The Direct Loan Express Phone Application is available to students with all Direct Loans. To complete the consolidation application by phone, call 1-888-758-9730.

In-School Consolidation will not be offered after June 30, 2006!!

For more information please see the Consolidation Information Sheet on the benefits of consolidation, or visit the U.S. Department of Education's Consolidation (http://www.loanconsolidation.ed.gov) or call 1-800-557-7392 (TDD 1-800-557-7395).