Your Money: Jul. 5, 1999

STUDENT DISCOUNT More than 2 million students with federal loans can now get reduced interest rates by rolling their IOUs together and repaying them electronically. Students with a $10,000 debt and a 10-year repayment plan will save more than $500 on average by consolidating their loans before they start to come due and allowing Washington to collect payments automatically.

NICE NO LONGER The IRS is unplugging a popular charitable-giving scheme that is also a way to buy life insurance. Thousands of taxpayers have been writing off donations to charities that agree to use the money to buy life insurance for the...

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