Financial Aid Laws and Regulations

The single holder rule was repealed as part of Public Law 109-234, the Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery, 2006. The repeal is effective June 15, 2006. All borrowers may now consolidate their loans with any lender. Previously, borrowers who had all their loans with a single lender were required to consolidate their loans with that lender. This increases competition for student loans, and may lead to improved benefits and lower costs for borrowers.

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Related Tools & Calculators

EFC Worksheets: Download the EFC Worksheets that appear in Chapter 3 of FastWeb's College Gold.
Tax Benefits and Regulations: A description of tax benefits you'll receive when you pay for college, as well as eligibility requirements. This page expands on information found in Chapter 15 of FastWeb's College Gold.
State Residency Requirements: The 50 states provide different types of programs and have different eligibility requirements for residency.
Dept of Education Downloads: The U.S. Department of Education keeps a database of low-income school districts that qualify for the loan forgiveness programs.