News in Brief: A Washington Roundup
Loan Consolidation Allowed
The Department of Education will allow borrowers of government-backed student loans to consolidate them before an expected increase in interest rates July 1. Some students could save thousands of dollars in interest. While students who borrow directly from the government have always been free to consolidate, it was not clear until last week whether borrowers who originate their loans with commercial lenders could do so.
Vol. 24, Issue 38, Page 25Published in Print: May 25, 2005, as Loan Consolidation Allowed