Beginning July 1st, 2010, you can only consolidate your federal student loans through the federal government’s direct loan program. On July 1, 2010 all new federal student loans, brand new or consolidation, are issued by direct loans. If you want to consolidate your loans prior to…
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Is My Bank Loan Private or Federal?
When you borrowed money from a bank prior to recent student loan legislation, the loan could be a private student loan or a federal student loan. This is because federal student loans issued prior to July 1, 2010, could be a direct…
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