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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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