ED Extends Waiver of "Single-Holder Rule" for Consolidation
Loans
In Dear Colleague Letter (DCL) FP-04-06,
the Department of Education (ED) expands on earlier guidance and extends
the waiver for Federal Family Education Loan Program (FFELP) consolidation
loans that do not comply with ED’s interpretation of the “single-holder
rule.” Click
here to read more on consolidation loans.
Mapping Your Future's Enhanced Debt/Salary Wizard
Encourages Responsible Borrowing
Mapping Your
Future (MYF) enhanced its debt/salary
wizard, allowing borrowers to determine how much salary is needed to
support student loan repayment and how much they can borrow based on future
expected earnings, without limiting them to specific interest rates. The
enhanced wizard allows borrowers to enter any interest rate and includes
a link to the current interest rate chart. Click
here to read more on the debt/salary enhancements.
NSLDS Data Conflict Resolution
With this being a busy time of the year, we thought the below link would
be helpful if you find yourself needing to resolve conflicting data in NSLDS.
At a recent student loan industry conference, the U.S. Department of Education
(ED) refreshed schools regarding the guidance and procedures to use when
resolving conflicting data. Click
here to read more on data conflict resolution.
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