Below you'll find a list of all posts that have been tagged as “FFEL”
Though discontinued, FFEL loans continue to cause significant issues for federal student loan borrowers seeking Public Service Loan Forgiveness (PSLF). Federal Family Education Loan (FFEL) program loans not federally held are not eligible for PSLF. However, borrowers can convert them into eligible loans through Federal Direct Consolidation. Unfortunately, this fix …
Federal direct student loan consolidation isn’t easy to navigate. For some borrowers, consolidation is an essential step to getting their student debt eliminated. For others, federal consolidation would be a major mistake. Determining whether or not consolidation should be done is an essential step in planning a repayment strategy. Generally …
The fine print says that many borrowers with FFEL student loans are not eligible for the Covid-19 forbearance and 0% interest rate. However, there is a way to convert FFEL loans to gain eligibility. The federal interest and payment freeze only applies to “federally held” student loans. FFEL loans are federal …
