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5/23/2006
A May 22, 2006 article from CNN/Money discusses the fact that, because it is anticipated that interest rates on variable-rate education loans will increase on July 1st, borrowers under the Federal Stafford Loan Program and Federal PLUS Loan Program may wish to consider consolidating their existing loans prior to June 30th. The article includes important factors for borrowers to consider as they decide whether loan consolidation is the best option for them.
The article is available at the CNNMoney.com Web site.
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