Consolidating a student loan sample policy for mandating direct deposit
Both spouses are jointly liable for the loan and both must request IBR.Problems often arise if the ex-spouses are no longer in contact.
You may also be able to get a better deal if, for example, your credit score is better now than it was when you first took out the private loans.These include deferment, forbearance, cancellation, and affordable repayment rights.Also, federal consolidation loans generally have lower interest rates.As you weigh the pros and cons, keep in mind that timing is critical.With just a few exceptions, you get only one chance to consolidate with the government loan programs.
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The interest rate must not exceed 8.25% for consolidation loans prior to July 2013.