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Thursday, July 8, 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!

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