In less than one week, up to 40% of students and college graduates with federal student loans may find themselves unable to consolidate their student loans with the lender of their choice. New regulations from the US Department of Education will restrict the availability of consolidation options for thousands of students around the country, robbing them of their right to choose which companies may help them manage ever-growing student loan debt. If students fail to file a consolidation application before March 30, 2006, they may possibly lose the right to choose their consolidation lender forever. (PRWeb Mar 24, 2006)

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