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If I understood my loan consolidation company correctly, June 30th each year is only the cutoff before the rates are *potentially* raised in July of each year. BUT note that the rates have been low for several years now so consolidate now anyway, even if you missed the June 30th date - June 30th is not a bar to consolidation. For instance, I consolidated last year and my rates are something like 2.3% (or something like that - don't recall off hand) so you can still consolidate and probably still get a very low rate. The rates are not going to jump sky high over a month's time. I consolidated in Spring of 2004 and mine was 2.3% so the rates aren't moving that much - but consolidate soon anyway. You also want to find out when your payment will start with respect to when your consolidation takes effect (if this is a concern to you).
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