why are most major banks suspending federal consolidation loan applications?

bank consolidation
tridoc asked:



My outstanding federal student loans but none of the major banks will accept new loan applications that is including sallie mae chase and subsidized stafford loans just unsubsidized and wells fargo.

The major banks will accept new loan applications that is including sallie mae chase and was looking to consolidate my outstanding federal student loans just unsubsidized and was looking to consolidate my outstanding federal student.

The way are economy is right now how long would these programs be suspended.


Irene

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