College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider




STAR Act Reintroduced


February 23, 2007
Washington,

DC—The Student Aid Reward (STAR) Act has recently been reintroduced by Congress after two years of hiatus. The bill made its debut nearly two years ago when it was introduced by Republican Representative Tom Petri and Democrat George Miller. At that time, the STAR Act did not reach voting status.

The purpose of the STAR Act is to make more financial assistance available to students without raising the costs for taxpayers. If the act is approved, it will help Wisconsin college students statewide. In Tom Petri's district, STAR would add roughly $1.2 million in student aid. Throughout the entire state of Wisconsin, it could add about $15.5 million.

"The STAR Act will help students at no cost to taxpayers," Petri said. The act is intended to reduce fraud and wasteful expenditures of government funds and would provide more money to college students to pay for tuition without burdening taxpayers.

Petri said a study by the nonpartisan Congressional Budget Office estimates that if the Direct Loan Program increased its share of loan volume from 25% to 40%, it would save taxpayers $12.3 billion over 10 years. If Direct Loans made up 100% of loan volume, taxpayers would save more than $60 billion over 10 years.

According to EdFed loan representative Jason Picchi, "Wasting money is not good for the government or for the student. At EdFed, we try to save the student as much money as possible, and with the help of Congress, that goal will be accomplished." EdFed is always ready to help any student refinance his or her loans.

EdFed is a student loan company dedicated to assisting students and graduates with financing college expenses and managing education loans. The company specializes in education lending and is dedicated to ensuring that loans are handled professionally and in a manner that benefits borrowers.

For more information, please contact Fred Godlash at 626-243-1838.



How EdFed Helped others!
By consolidating through EdFed, I save $2,029 a year on unnecessary interest. That adds up to a lot when your loans are based on a 30 year term. I would recommend calling and seeing what EdFed can do for you. It is worth the call.
 - Holly P.  New York, NY
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy
call:
(800) 821-5659
CONSOLIDATION NEWS
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
CALCULATORS
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Articles
Calculators
FAQs
Glossary of Terms
Loan Comparison Chart
Scholarship Search
If you run into a period of financial difficulty, federal consolidation loans generally qualify for periods of deferment or forbearance until your financial situation improves.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241. © Copyright 2008 EdFed. All Rights Reserved.

 Home · About Us · Contact Us · News · Tell a Friend · Sitemap · Privacy Policy
EDFED NEWSLETTERS
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives
EmploymentScape
   Shoot for the moon. Even if you miss it, you will land among the stars.   
Our Companies: Graduate School Loans | Law School Loans | Medical School Loans | Merchant Cash Advance | MerchantCreditAdvance