Erl Suni can't wait for this month to end.
Alumni, students and their parents have been calling Suni a dozen times a day at the University of Missouri-Kansas City financial aid office, asking his advice on whether to consolidate government college loans before interest rates rise July 1.
College financial aid offices throughout the country are being inundated with inquiries about government loans.
Suni, UMKC financial aid coordinator, said the calls are being fueled by the marketing strategies of lenders encouraging borrowers to consolidate.
"Lenders are mailing post cards and doing banner pop-ups on Web sites and offering a variety of deals for students to potentially get some savings down the road," Suni said. "This can be described as a mad feeding frenzy, and midnight on June 30th is the witching hour."
On July 1, the interest rate for government loans will jump nearly 2 percentage points
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