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Just to let everyone know...I have a consolidated student loan with The GraduateLoan Center @ %9. I checked with Direct Loans and found out the following:

- they will reconsolidate (I knew that)
- they will give the %.8 for timely payments for 12 months (I knew that)
- they will give the %.25 for electronic payments (I knew that too)
- they cap the interest rate @ %8.25 (I didn't know that!!!!!)

The result: %7.2 interest rate for the life of the reconsolidated loan.

I'm wondering now if reconsolidation with them was an option all along....

Direct Loan's number- 800 557 7392. I've spoken to reps twice and both times they were very helpful and pretty knowledgeable. Good luck to all.
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