FAFSA Loan - The Truth About FAFSA Loans: FAFSA Stafford Loans,
FAFSA PLUS Loans and FAFSA Consolidation Loans

College Student Taking Notes University Campus College Students In Class College Degree Awarded State University Building College Student in Class Teacher at Blackboard College Lecture
Google
 

FAFSA PLUS Loan / FAFSA Stafford Loan Secrets
How Private Student FAFSA Loan Companies Will Pitch Their FAFSA Student Loans To You

FAFSA Loan Consolidation Secrets
How Private Student Loan Companies Will Try To Get Your FAFSA Loans Consolidation Business

FAFSA Loan Financial Aid Questions and Answers
General FAFSA Loan Information

FAFSA Loan Financial Aid Glossary
Terms used in FAFSA Loans

About The FAFSA Loan Site
Our Background In The FAFSA Loan Industry

Bookmark / Add to Favorites the FAFSA Loan site
Come back and See Us Again

FAFSA Loan Home

The Two-Step Process

If a education loan borrower did have a "Dirty Thirty" lender, there was a way that we could consolidate the loans held by them, if the borrower also had just one Direct Loan. A Direct Education loan is one where the Federal Department of Education was the lender itself.

We'd need to consolidate the Direct Loan first.  This always seemed odd to me, as how do you consolidate one loan? Basically, we would just take over the loan and fix the rate. We weren't consolidating student debt at all.

Once it was "consolidated" we'd consolidate the new loan with their other private lender loan.  We would offer borrowers who complete this two-step process a 1% rebate after six months of on-time payments.  So assuming if the outstanding balance is $50000 we'd send a check for $500 after six on-time payments.

Consolidation Loan Close

Again to convey a sense of urgency and officialdom, we'd tell them that this is a time-sensitive federal form and it must be completed accurately. The very best loan officers were the ones who emphasised the federal and the time sensitivity aspects of the FAFSA loans.

Referrrals and incentives

Every good sales person knows to get referrals. The company would offer coupons to the referrer if they ended up closing a loan with the referred person.


Didn't find what you were looking for? Try a Google Search below.
These searches are optimized for FAFSA Loan information.

Google
 

Tell A Friend About The FAFSA Loans Web Site

Use This Link To Send To A Friend

Delicious Bookmark Add as a favorite to del.icio.us
Tell someone else about the FAFSA Loan site
Our Other Information sites
Link To FAFSA Loan
© 2004-2010 FAFSA Loans