Saturday, August 13, 2011

Are federal loans still considered federal after consolidating them with a private company (i.e. Sallie Mae)?

Essentially, your husband took out a loan with Sallie Mae to pay off his Federal Loans. The Federal Loans have been paid off so you need to find out if the Consolidation Loan through Sallie Mae was a Federal Consolidation Loan administered by Sallie Mae or just a Consolidation Loan through Sallie Mae.

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