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Thanks, bleplatt!

These offers, although called Re-Consolidations (perhaps too loosely!), seemed to just take over your Direct Consolidated Loans and offer to reduce your interest by taking reductions off your current fixed interest rate. It's a little confusing to me, but by your definition, what I am trying to do would not be a re-consolidation.

I was very weary of these offers, especially since so many seemed to have varying types of incentives with convoluted explanations. I won't consider these unless someone recommends ones that are highly reputable.

The lenders seem to be telling me that since I have consolidated through Direct Loans, they are able to take over my loan and offer these reductions. (something they were not able to do a year ago)

Any truth to this? Or am I just more confused?

Thanks for your help!

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