WHAT!!! Student Loan..
Alright, I am in the midst of consolidating two student loans. One loan is in rehabilitation (USA Funds) ...I started repaying it in November.
I received a letter from Direct Loans stating that USA Funds has not responded to their payoff request. I call USA Funds. They tell me that if I consolidate now, I will not be adhering to my rehabilitation agreeement and I will lose my rehab benefits. She says that if I consolidate my loan will still say it is in default on my credit report (which is weird, because right now, my credit report does not show a defaulted loan at all...both my loans say paid as agrees). She suggests I wait until the 12-14 month rehab period is over before consolidating (which would be early 2004..aaaahhh).
Is that right? I thought once you were in rehab you could consolidate. So if I do, will the collection agency put that my loan back in default although it will be paid off? If it's not on my report as defaulted now, should I go ahead and file for consolidation? Oh I'm so confused...and I have to get back to Direct Loans in a week with my answer.
5/2/03> Eq - 578 - 4/18/05 --> 528 (evil 50 point diff)
7/30/03> Exp 548 - 4/18/04 > 623 (yay)
3/15/04> TU 572 - 4/18/04 > 617