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With Federal Student Loan interest rates set to increase 1.93% on July 1, 2005, Instant Consolidation answers the call of students’ needs by making the process completely automated. (PRWEB) June 14, 2005 -- Based upon the close of the 91-Day Treasury Bill the first week in June, Federal Student Loan interest rates are set to increase by an alarming 1.93%. All unconsolidated Federal Student Loans remain at a variable rate and are set to increase on July 1. Financial experts are advising all Federal Student Loan holders to consolidate immediately. The call for action has never been so urgent. One company, Instant Consolidation, has completely automated the process for borrowers. With the integration of an electronic signature, facilitated by a third party, the Federal Student Loan Consolidation Application is completed in minutes. The borrower speaks with a Consolidation Specialist over the phone and then receives an email with a copy of the application attached. The email contains instructions on completing the electronic signature. The borrower then logs into a secure site and completes the electronic signature. “Without our electronic signature, there just is not enough time left [before the increase July 1] for student loan holders to complete the process,” stated Rae Ciaccia, Marketing Coordinator at Instant Consolidation. Consolidating student loans is the only way to obtain a fixed interest rate. Consolidation requires no credit checks. If a borrower has more than $10,000 in Federal Student Loans, either all Direct Loans or any combination of two or more Lenders, they will be eligible to consolidate their loans with Instant Consolidation. The application must be completed by midnight on June 30, 2005 to secure the lowest fixed rate available. For a limited time, students currently enrolled in school are eligible to consolidate. For more information or to consolidate your loans, please call 1-866-475-1634 or visit www.InstantConsolidation.com. About Instant Consolidation Instant Consolidation was created with the sole purpose of providing Federal Student Loan Borrowers with the most efficient consolidation process available. It is the mission of Instant Consolidation to ensure each consolidation receives optimal benefits such as low fixed interest rates, guaranteed interest rate reduction incentives and quality customer service. Contact: Rae Ciaccia Marketing Coordinator Instant Consolidation 866.475.1634 ext. 314
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