Make sure you have your Student Loans locked in by 7/1/2005. Rates will increase for the first time since 2000. The best advice I have to consolidate your student loans into a low monthly payment. Consult a company like Sallie Mae before it's to late. Having several outstanding student loans at different rates makes life more stressful. Consolidate your loans and lock in a low interest rate for the duration of your Loan. All it takes is a little initiative.