I logged in to the Federal Direct Loan site today and saw that my consolidation process is complete and my previous lenders have been paid. They didn’t pay off my 2008-2009 loans though. I’m not sure why that is but I’ll be getting a letter from them in a few days about the consolidation and perhaps there will be an explanation there. If not I will give them a call. My loans are on the income-contingent repayment plan and the loan company informed me that after checking with the IRS for my income information that the amount of my current loan payment is $0. That will go up once I get a job and start making more money but it will be helpful not having to make a loan payment while I’m hiking. The process has been pretty simple so far and I’m hoping that the unpaid loans are not a problem.
Student Loan Consolidation Complete
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