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Hello, I need help. I have been hearing a lot about consolidation, could someone please tell me what the benefits of consolidation are.

Right now I've been paying on Citibank and Perkins. I've just completed a foreberance on my Direct Loan to bring me current. I'm waiting to hear back about what my payments will be under the Income Contingent plan. My husband also has loans but we do not want to do a joint consolidation.

Thanks everyone for your help!

Citibank (Interest rates change, so far they've just gone down)
Loan One $3,000 7.75%
Loan Two $4,000 7.5%
Loan Three $3,500 7.0%
Perkins
Loan One $3,000 5.0%
Direct Loan
$28,500 at 5.99% and 6.79%
(Don't know how much is at 5.99 and how much is at 6.79)
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