Student Loan Consolidation in the News

Congress changes law, student borrowers benefit
I caught a news blurb from our top financial consultant and host of the Financial Aid Podcast, Christopher Penn: Due to very recent legislative changes, all borrowers that have loans from only one lender are now eligible for student loan consolidation with the Student Loan Network. Previously, you were forced to consolidate with your sole existing lender, but thanks to the hard work of student advocates, Congress listened and overturned the single holder law - giving you the opportunity to save...

Single lender rule gone; feel free to consolidate!
It's been pretty exciting over the last few days. A congressional bill was pushed through congress early Thursday, and sent to the President for signature - a bill that in part will provide more consolidation options for federal student loan borrowers. Before this law was passed, any student loan borrower with loans from only one lender, was allowed to consolidate with only that lender. This provided zero room for competition. While not every borrower falls into this category, there was a...

Reserve Your Place for Student Loan Consolidation Before July 1 Interest Rate Hike
Press Release, hot of the wire... Reserve Your Place for Student Loan Consolidation Before July 1 Interest Rate Hike Quincy, MA (PRWEB) June 21, 2006 -- On June 15, 2006, President Bush signed into law HR 4939, an emergency budget bill that included a provision for students and graduates with student loans to be able to consolidate their federal student loans with the company of their choice. This freedom of choice comes at a critical time, as graduates face a near-record average...

2006 Student loan rates going up!
You've read the press releases, seen the news bulletins, and received the junk mail... The T bill has been set, and federal student loan rates are going up 35% on July 1st - here's the breakdown: Stafford Loans for students in school: 6.543%, up from 4.70%Stafford Loans for graduates in repayment: 7.143%, up from 5.30%Parent Loans for Undergraduate Students (PLUS): 7.943%, up from 6.10% So, take your current student loan rate, add about 1.84%, and that's what you'll be paying in...

As the Deadline Approaches, eSignature Gains Popularity
Hello to all of my faithful readers! As you've probably been reading over the past few days, the interest rates for consolidation have been set and are due to increase by 35%. July 1st is right around the corner, and the chance to consolidate your student loans at the lower rate is almost gone... Don't waste anymore time - eSign your application today! eSignature is a secure and fast way to sign up for and complete a federal...