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federal student loan in default - consolidation for score improvement?
I have 7 student loans (3 from 2006, 4 from 2013) that are ALL 120+ days past due and in default. My consolidation was approved today and the DOE advised i should have the new payment information and the old loans should be listed as"paid in full" by June 2012. Has anyone ever been in this situation and how was your credit (positively) impacted by the new loan kept in good standing and the old loans showing paid?

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