All News & Blogs
Mr. Taylor's granddaughter can consolidate her student loans into the Federal Direct Loan Consolidation program. When borrowers ask their bank about consolidating loans, the bank may not tell them they can still consolidate through the direct loan program because the bank will lose the loan when the borrower consolidates into the direct loan program. This may have happened to Mr. Taylor.
The implication that the White House "passed a law" to disadvantage student borrowers is likewise incorrect.