Federal student loans are either directly financed by the government or financed by private banks. Those private banks, however, get paid by the government if the student defaults on the loan.

So banks are basically making profits with very little risk.

Obama has said he wants to cut the middle man out and save the government/tax payer millions in dollars in the process. He also said the banking lobbyiest are preparing for war but that he is not going to back down.

Whose side are you on?

I am due to start paying lmy federal student loans back in September. How do I even begin the consolidation process, or possibly deferrment of my loan payments for another six months. Any help would be great.

What Loan company will take over my federal student loans when the loans are in default so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under 00.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.

I’m looking to consolidate a bunch of my federal student loans. I get tons of offers in the mail, but what’s the best company to consolidate with? (Or, on the flipside, which companies are horrible?) Looking for tips, advice, anecdotes, etc., etc.

What Loan company will take over my federal student loans when the loans are in forbearance so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under 00.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.