Big Lenders & The Games They Play
Why do you think lenders are taking so long to return the Loan Verification Certificate to students? One reason could be the high interest rates which are forcing major lenders to hold on to loans and collect interest at the higher rate. Market-day.net reports:
The U.S. Department of Education is the only agency in this instance that can take action to penalize lenders that refuse to cooperate.
Read more: Student Loan Consolidation: NextStudent