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Federal Consolidation Loans

Due to current financial market conditions and the high demand for student and parent loans for this current academic year, College Foundation, Inc. (CFI) reluctantly must suspend our Federal Consolidation Loan Program until further notice.

If you are trying to lower your current monthly payment on your CFI loans, there may be other alternatives available such as requesting an extended or graduated repayment schedule. For more information on this option, please call 800-722-2838.

Unfortunately, many private lenders have already suspended their Consolidation Loan Programs due to credit market deterioration and other factors. If you want to consolidate immediately, you may be eligible for a Federal Direct Consolidation Loan with the U.S. Department of Education. Please call the Federal Student Aid Direct Loan Consolidation Center at 1-800-557-7392 or go to its website at loanconsolidation.ed.gov.

   
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