Single Lender Rule Repealed!

President Bush signed the Emergency Supplemental Appropriations Act (H.R. 4939), which includes the repeal of the single holder rule (also known as the ‘single lender rule’).
This means that those of you with student loans all with one lender now have the option to shop around for the best rates and customer service, rather than be held hostage to the lender who holds all your student loans.
Given that interest rates are scheduled to jump by nearly 2 percentage points next month, now’s the time to consolidate your student loans, single lender or not.