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The website's focus was transitioned to a Yelp-like model, to help users compare and review financial services. [1] In April 2017, SuperMoney launched its personal loan offer engine / marketplace which helped consumers submit a loan application and get back pre-approved loan offers from integrated lending partners. [2]
President Bill Clinton set a phase-in of direct lending, by signing into law the Omnibus Budget Reconciliation Act of 1993, [6] although in 1994 the 104th Congress passed legislation to prevent the switch to 100% direct lending. [6] Funding for new direct loans in the Federal Direct Student Loan Program increased from $12.6 billion in 2005 to ...
Student loans charge interest too, but the rates generally aren't as high, especially for federal student loans. Direct loans for undergraduate students right now only charge 6.53%.
“Take note of your student loans and their interest rates,” the press release said. “Sometimes, consolidating and refinancing eligible loans can lower your overall interest rate and make ...
Key takeaways. Direct Consolidation Loans and private student loan refinancing helps make federal student loans more manageable by rolling several balances into a single loan product.
Specifically, the borrower must be a "new borrower" as of October 1, 2007, and have received a disbursement of a Direct Loan on or after October 1, 2011. A borrower is a "new borrower" if, when receiving a federal student loan on or after October 1, 2007, the borrower did not have an outstanding balance on another federal student loan. [2]
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