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In 2010, Citibank sold off its student loan unit, and has since stopped servicing the last of the private loans it had on the books. If you have Citibank student loans, you might not have an idea ...
The Federal Loan Consolidation Program was created in 1986. In 1998, the United States Congress changed the interest rate to the aforementioned fixed rate weighted mean, effective February 1, 1999.
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
Borrowers with William D. Ford Federal Direct Loan (Direct Loan) Program and federally owned Federal Family Education Loan (FFEL) Program loans are eligible. The government this month extended the ...
Lose progress toward federal forgiveness programs: Consolidating into a Direct Consolidation Loan could cause you to lose your progress on federal programs like PSLF or an existing income-driven ...
Federal student loans are less expensive than private student loans. The federal government offers direct consolidation loans through the Federal Direct Loan Program. The new interest rate is the weighted average of the previous loans. Private loans don't qualify for this program.
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