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The Federal Loan Consolidation Program was created in 1986. In 1998, ... Pepperdine University School of Law. 2006. Archived from the original on 2007-11-24
Retain federal benefits: While some borrowers may consider refinancing their loans with a private lender as a way of combining several loans, choosing a Direct Consolidation Loan instead ensures ...
Federal student loan consolidation isn’t the right option for everyone. Some drawbacks to consider are: Potentially higher interest rate: The interest rate on your new loan will be the weighted ...
If you have multiple federal student loans, you can combine them into one loan with fixed interest. If you decide to consolidate your loans into a Direct Consolidation Loan, you can do so for free.
The Health Care and Education Reconciliation Act of 2010 (HCERA) ended private-sector lending under the Federal Family Education Loan Program (FFELP) starting July 1, 2010; all subsidized and unsubsidized Stafford loans, PLUS loans, and Consolidation loans are under the Federal Direct Loan Program. [21]
For student loan borrowers in Texas, today is the deadline to consolidate federal student loans to qualify for a loan cancellation program from President Joe Biden’s administration. Here’s ...
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