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Government Loan Consolidation The government has set aside consolidation loan student discounts? When is it effective? I read that the legislation has been passed and if you consolidate or funded after 10/1/07 you will not receive rebates. I wanted to use most of my grace period before beginning to consolidate, but I do not want to wait if I am running discounts. better see your counselor ASAP! Posted on February 17, 2010.
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