If you've got good credit, the private education loans for the upcoming year are going to be competitive.

It is and it isn't. It is from the point of view that rates are the lowest they've ever been.

If it sent out rejection letters, it would have no money to give away.

Anybody who hasn't consolidated should consolidate before the law goes into effect. The appeal of consolidation under current law now is you're taking a variable rate and locking in at a fixed rate.

This is in some ways the dark ages of federal support of education.

It's a no-brainer at this point, ... You want to consolidate before rates rise.

There are very few scholarships that give money simply for breathing. Probably most of the scholarships are merit-based. Awards that are need-based tend to be loans.