July 25, 2003
Low Interest Rates Prompt Proposals to Change Student-Loan Consolidation Limits
Record-low interest rates have made borrowers who consolidated their student loans several years ago -- and locked in what are now considered high rates -- wish they could do it all over again. But under federal law they get only one chance, leaving many disgruntled borrowers to call their Congressional representatives in recent weeks to complain that they, too, want to take advantage of lower interest rates.
Responding to that pressure, some Democratic members of Congress
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