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You probably have seen profile in the news news that President Biden possess signed an exec order stretching pandemic save (a temporary suspension system out of percentage obligations) for about 41 billion federal student loan consumers compliment of . Today, it purchase is bound so you can Direct Government Funds.

Your loan with NMEAF (whether it is in a repayment status or in a defaulted status) is a commercial FFELP loan which is not included in the present executive order and programs designed for Direct Federal Loans. To participate in those programs, you would have to consolidate your FFELP loans with the Federal Loan Program. Loan consolidation is not a decision which should be made without considering all the potential consequences. The temporary suspension of payments is only for a short term (), while consolidation may result in a long term increase of your interest rate and an extension of your repayment term. We are happy to title loans Ohio review your account with you and answer any questions you have. Lees verder →