| Federal
Loan Consolidation Information
*** UPDATE (as of 06/23/06) ***
Repeal of the Single
Holder Rule
Effective for any Federal Consolidation
Loan made based on an application received by an eligible
lender on or after June 15, 2006, the single holder rule
formerly found in section 428C(b)(1)(A)(i) of the HEA no
longer applies. The repeal of the single holder rule now
means that an eligible borrower may consolidate loans with
any eligible consolidation lender in the FFEL Program, even
if the borrower’s loans are held by only one FFEL
holder. (For more information, please go to: http://www.nasfaa.org/publications/2006/gen0612.html)
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Please find below several links that have a wealth of
information concerning federal student loan consolidation
(Updated as of 06/07/07):
Explanation
of Loan Consolidation
Loan
Consolidation Worksheet
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