Just as hurricane season comes every year, so too does the quandary of whether students and their parents should consolidate student loans.
This year the answer is fairly easy for most borrowers: Yes.
The deadline for consolidating to get the best interest rates is Friday. And you don’t want to wait until then.
The interest rate for the [...]

Good news for student loan borrowers across the nation — Congress has repealed the “Single Holder Rule”, allowing any student loan borrower to consolidate their student loans with American Education Services (AES). Under the Single Holder Rule, borrowers whose federal student loans were held by one lender were only able to consolidate their loans with [...]

The single-lender rule that prohibited student borrowers from consolidating their student loans with the lender of their choice was repealed June 15, 2006 when President Bush signed into law the emergency supplemental spending package, H.R. 4939. This has paved the way for student borrowers to consolidate their federal student loans with the lender of their [...]

In a long anticipated move, Congress has voted to abolish the Federal Student Loan Consolidation Single Lender Rule. Prior to this week, borrowers that had all their student loans with one lender were forced, by law, to consolidate with that lender - or with no one at all. This anti-competitive environment has cost student loan [...]

Students have until June 30 to consolidate loans
Clemson University sophomore John Masslon, like other college student across the nation, is hearing from lots of lenders about his student loan.
Lenders are hawking offers to consolidate student loans and lock in rates before rates go up July 1.
Consolidation can lower monthly loan payments and save thousands of [...]

Student loan rates will increase dramatically July 1, a jump that could cost students thousands of dollars if they don’t consolidate now.
Stafford Loan interest rates will rise from 5.3 percent to 7.14 percent, while PLUS Loans for parents will rise from 6.10 percent to 7.94 percent - both an increase of 1.84 percentage points. These [...]

National lender Student Loan Xpress (SLX), a CIT company (NYSE: CIT - News), today welcomed the United States Senate’s passage of the Emergency Supplemental Appropriations Act of 2006 that included a provision which provides immediate relief to student loan borrowers. The final version of the Emergency Supplemental Appropriations Act of 2006 included a critical repeal [...]

An emergency spending bill, approved Thursday by the Senate, abolishes a rule that has required borrowers who have all their federal student loans with one lender to consolidate with that lender. Under the legislation, already passed by the House and expected to be signed by President Bush, borrowers will be allowed to consolidate with any [...]

July First could be a very expensive date, for anyone still paying off a student loan for college. Interest rates on federal student loans will rise by about two percent, but you can avoid the cost increase, if you take action quickly and consolidate your loans. The climbing interest rates have recent college graduates [...]

Borrowers scrambling to consolidate their student loans before interest rates rise on July 1 will have more options in choosing a lender.
An emergency spending bill signed Thursday night by President Bush abolishes a rule that has required borrowers who have all their federal student loans with one lender to consolidate with that lender.
Under the new [...]

Firstmark Services, a leading national servicer of private student loans, announced that it has achieved two milestones: $1 billion in total student loan assets managed and 250,000 student loan accounts serviced for its clients.
Firstmark, based in Woodbury, Minn., works with lenders to provide private loan services to their borrowers and colleges. The company offers loan [...]

SimpleTuition, Inc., a company dedicated to making sense of education financing choices, today announced that thirteen leading student loan lenders have signed on to offer borrowers their most competitive lending options though ConsolidationComparison.com, a free online comparison tool for federal student loan consolidation options.
For the first time, borrowers can see an objective, apples-to-apples comparison of [...]