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Is this legit? Is it legal? They explain that this is possible through a "TWO-STEP" process. tia

I can't speak to the HEAL but I was able to do a two-step on a pile of loans at Sallie Mae (which hadn't been consolidated) and a Perkins loan with (on great terms, too-- 1.25% off from day one just for autodeposit, and then another 1% after 48 months).

Not all lenders/servicers are willing to do two-steps, but many are.

I'd say call UHEAA and the other lenders, explain what you have, take your shot. The worst thing that can happen is, Sallie Mae tries to refuse, you fight over it, maybe you get it, maybe you don't, worst case you're out the time you spent to take your shot.
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