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Quick Survey About New Consumer Agency Priorities

Thanks to your support, the new federal Consumer Financial Protection Bureau will have authority over all private student loans. This would not have happened without thousands of people like you standing up and demanding consumer protections for private student loan borrowers. Thank you!

Action Alert and Important Federal Loan Changes

Important Changes to Federal Loans as of July 1, 2010

Several significant changes to federal student loans take effect today that will benefit new and current borrowers. Some interest rates will drop, the maximum Pell Grant increases by $200, and updated rules for Income-Based Repayment (IBR) will bring fair treatment to married borrowers and those who owe more than when they finished school. Also, all federal student loans made on or after July 1 will be Direct Loans, which come straight from the U.S. Department of Education.


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