Who will benefit from Obama’s student loan plan? A week after USA Today reported that outstanding student loans would reach $1 trillion before the end of the year, President Obama on Wednesday announced a series of new measures aimed at easing the burden of debt on students struggling to repay their federal college loans. Speaking […]
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Loan servicing for Direct Loans and FFEL Loans is handled by private companies working on behalf of the federal government Simplify Monthly Payments Borrowers with multiple federal loans may have more than one loan servicer, each of whom bill separately for the loans they manage. Consolidating federal loans enables the borrower to obtain a single […]