Just read this on the Direct Loan website (bolding mine):
http://www.dlssonline.com/misc/news.asp
Effective July 1, 2006, we anticipate the interest rates on variable rate student loans will increase. Act Now – make An Educated Choice to secure your financial savings. Your consolidation application must be received electronically or postmarked before midnight June 30, 2006 to receive today’s fixed lower interest rate. For more information about the Direct Loan Consolidation Program, click here
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