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Student Loan Single Lender Rule Changing- Deadline Soon

The rule regarding loan consolidation is changing soon. As far as I can understand it if you have only one lender and want to consolidate your loan you need to have your loan application in by March 31st. The letter from the Dept. of Education is below:
In our earlier Dear Colleague Letters, the Department noted that
Congress was considering changes to the single holder rule as part of
its reauthorization of the FFEL Program. In light of that possible
legislative action, the Department announced that, for a temporary
period, we would not deny reinsurance on FFEL Consolidation Loans that
did not comply with the single holder rule. Most recently, in Dear
Colleague Letter FP-05-09 issued on September 20, 2005, the Department
established a deadline of March 31, 2006, for compliance with the single
holder rule. Any FFEL Consolidation Loan made after March 31, 2006, that
does not comply with the single holder rule by including at least one
FFEL loan is not eligible for reinsurance and other program benefits
unless the consolidating lender submitted all applicable Loan
Verification Certificates (LVCs) to the holder(s) of the underlying
loans on or before March 31, 2006.
Based on changes included in section 8009 of the Higher Education
Reconciliation Act of 2005 (Pub. L. 109-171), a FFEL or Direct
Consolidation Loan may not be made on or after July 1, 2006, to any
borrower who has a Consolidation Loan in either program unless the
borrower includes additional eligible loans in the new Consolidation
Loan. In administering the Direct Loan Program, the Department will
continue to process LVCs received from FFEL lenders through June 30,
2006, if the Direct Consolidation Loan that is the subject of the LVC
resulted from a Direct Consolidation Loan application received by the
Department on or before March 31, 2006. The resulting FFEL Consolidation
Loan would be eligible for reinsurance and other program benefits.

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