<p>what is the best way yo keep track of all your loans? After 5 years of school and close to 4 different loan types every year, thats a lot of loans. so whats the best way to keep track of them.</p>
<p>Also when I started college my stafford loans were like 4,8% and now they have all turned to 8.6% or so. why does the rate of a older loan change to the newer rates.</p>
<p>The older rate goes up because most private student loans are variable rate loans, pegged to the prime rate or an equivalent index. As for your stafford's, congress increased the rate on those to a maximum 6.8% last year. </p>
<p>As for keeping track of loans, once you graduate you can get a consolidation loan that pays off all outstanding debt and leaves you with one big loan.</p>