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I learned today from Graduate Leverage, the loan consolidation organization I am working with on my consolidation, that the Department of Education just last week changed its rules to severely limit the "2-step consolidation" that is currently the only effective way for borrowers stuck in the single lender rule hell to lower their interest rates and extend their repayment period.

Borrowers have until March 31 to complete their consolidations or else their options will be seriously circumscribed by the Department of Education.

Here's a link:

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060323005845&newsLang=en

So much for a free market economy!

mhiccup
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