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Wednesday, September 22, 2010

Confused about reform and consolidation?

If you’ve heard the word about the reform currently in progress across the country, you probably are aware of the end of the FFEL program and exclusive federal consolidation returning to the Department of Education. If not, read this page on upcoming changes to get acclimated.
One question we get a lot is, “If FFEL is ending, where do we apply for consolidation now?” The answer is Direct Loan Servicing of the US Department of Education. You can apply for consolidation here: Loan Consolidation Center
Make sure to have all your account numbers and payoff balances ready to make the process quick and error-free as possible. Good luck!

2 comments:

  1. education should be priority number one.

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  2. Thanks for the info. I've been curious about consolidation for a while but was afraid of all the scams.

    ReplyDelete