Skip to main content
No. of Recommendations: 0
The lenders seem to be telling me that since I have consolidated through Direct Loans, they are able to take over my loan and offer these reductions. (something they were not able to do a year ago)

Any truth to this? Or am I just more confused?
==========

Under the Act that funds Student Loans (I think its the Higher Education Act, if you have all your loans with one company (a single lender), that single lender has the right of refusal to sell the loans. And most refuse. :D

I got those offers as well. When I called to ask about it, their interest in me waned to non-existant when I told them i'd already consolidated.

FWIW, most people on this board have had excellent luck with Direct Loan. It's all the other ones that are so crappy.
b
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.