Aci student loan consolidating

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The named plaintiffs are suing on behalf of a class of more than 158,000 former students who have filed applications for borrower defense to repayment.Under the rules now in effect, FFEL and Perkins borrowers willing and able to consolidate into Direct consolidation loans may use the Direct Loan borrower defense process to seek relief, even before consolidating.However, an industry trade group sued to delay implementation of these rules.The Department subsequently announced a postponement of the July 1 effective date.You can, however, request that the forbearance apply only to those loans related to the borrower defense application.You can remove the forbearance or stopped collection status if you choose.

The Project on Predatory Student Lending and Public Citizen sued the government to stop the delay.You can complete the online application form or a fillable PDF application form.Information on what to include in your borrower defense application is available on-line and on the application form.For this reason, FFEL or Perkins borrowers may want to apply for borrower defense relief before consolidating.The Department is supposed to provide a pre-determination in these circumstances of borrowers’ eligibility for relief. Stay tuned and check the Department’s website on borrower defense for current information about seeking relief from the Department.

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