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Effective December 14, 2007, we're sorry to say theLOANSTERSM
is no longer accepting applications for Federal Consolidation
Loans. If you are expecting a disbursement on a loan or need
help with loan servicing or customer support, please call
our funding partner, ISMLoans at 866-476-9863.
We will continue to help any of our students get through the
loan disbursement process through the end of the year and
during the first week of January. After that, we will be shutting
down our operations unless we see another opportunity in the
future to help students in the way we have done for so many
to date. Thank you!
Contact your Congressional Rep
Due to the negative effects caused by the College Access
Act of 2007; the class of 2008 may be the first class not
to be afforded on-time incentives upon consolidation. The
class of 2007 was able to consolidate their federal loans
and save as much as $60,000 on a $100,000 loan.
Unfortunately, without your help, you won't qualify for those savings. That's
$60,000 out of your pocket! Please contact your Congressional
Representatives and Senators.
Let them know that you had counted on those incentives and
the cuts to subsidies, in the end, will cost you dearly.
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