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Author: mtq11 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2818  
Subject: Sally Mae Date: 6/18/2007 11:08 AM
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I just received an email from Sally Mae saying that congress is trying to change college loan rules on July 1 and that it may result in higher interest rates. We have several Sally Mae loans for our two kids and they are suggesting we consolodate them and they will guarantee us the lesser of the pre or post July 1 rates should they change. Does anyone know anything about this? It sounds like it could be scam, or a really good deal. How to know???

Thanks,

mtq11
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Author: kahunacfa Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 2801 of 2818
Subject: Re: Sally Mae Date: 6/19/2007 3:45 PM
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I was lucky because I went to the University of Wisconsin, Madison in 1962-1967 and again from 1972 - 1976 collecting several degrees along the way. I was fortunate not to accumulate more than $1,500 in student loans along the way.

My daughter borrowed funds to complete Law School in May 2002. She borrowed some for that. I believe that student loans can be consolidated one or two times, but that is the limit.

Kahuna,CFA

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