Student Loan Consolidation & October 1 2007
September 12, 2007 – 11:56 pm | by cgeeLenders are scrambling to prepare for the end of Federal Consolidation as we know it. I just received word that many of the FFEL consolidation lenders are working overtime, some around the clock, to consolidate student loans before October 1st 2007. If you have applied with a company and have not yet received notification that your loan has funded, I’d advise you call your loan specialist and request them to work on your loan as soon as possible. One thing that we are doing at the Student Loan Service Center to ensure all of our borrowers receive all of their borrower benefits on any loan that has at least 1 eligible LVC (Loan Verification Certificate) and utilize the 180 day add on period to buy us time to complete the process. As the story unfolds, I’ll be sure to keep you up to date on what is going on with current legislation.
