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Students throughout the country are urged to contact their senators to ask them to eliminate the individual case principle ahead of the Senate votes around the College Access and Opportunity Act, or H.R. 609. The Senate now's in recess and will be back in session April 24, therefore a vote can occur any time after that time. Student individuals are feeling the negative impact of the one bank rule, as it doesn't allow students to combine using other creditors which could provide better http://www.nextstudent.com/consolidation_loans/consolidation_loans.asp student loan combination benefits. On March 30 the home voted to get rid of the single dish concept on http://www.nextstudent.com/ student education loans. Http://Markets.Ibtimes.Com/Ibtimes/News/Read/28937818/The Senate Is Likely To Vote On H.R.5771 E2809 Ctax Increase Prevention Act Of 2014E2809 D This Week includes additional resources concerning the purpose of this hypothesis. As it now stands, the concept is in place for your next three months and only affects those student loans accepted on or after July 1. We found out about http://finance.jsonline.com/jsonline/news/read/28937818/the_senate_is_likely_to_vote_on_h.r.5771_E2809Ctax_increase_prevention_act_of_2014E2809D_this_week by searching webpages. Discover additional information on our related link by clicking http://finance.nrn.com/nrn/news/read/28937818/the_senate_is_likely_to_vote_on_h.r.5771_E2809Ctax_increase_prevention_act_of_2014E2809D_this_week. Ask Senators to Eliminate Individual Lender Principle With the vote now in the hands of the Senate and expected anytime, students will make their voices heard and ask their senators to repeal the individual bank principle and do the right thing. Heres why Currently, the way the bill stands, students don't have that many options. Firstly, figuratively speaking have-to go through the Department of Education. Because students are prohibited from using other lenders for student loan consolidation, for years they may be stuck with one bank that will not offer benefits. With the only lender principle in-place, student mortgage reconsolidation is also unavailable to students along with the benefits of that plan. In the event the Senate does approve the bill, elimination of the only lender principle would not happen until July 1. The Senate now could make changes to the reauthorization bill; if any changes are made the bill is delivered back to your House for approval. Students Deserve More Possibilities Consumers could breathe easier if the single bank principle was from the way. They'd have many more possibilities, such as the decision to discover more advantageous prices and bonuses. Student consumers have sufficient to worry about without having to wonder how they'll pay off their huge student loan bills. There is no question that students deserve the right to have the ability to choose their own lender. Student mortgage borrowers and other concerned individuals quickly can write or call their senators to ask them to eliminate the single lender rule. Students can contact senators through http://www.senate.gov/general/contact_information/senators_cfm.cfm?OrderBy=last_name&Sort=ASC. Or students could contact their senators by telephone at (202) 224-3121. Students recently have been using many hits, you start with the 12.7 billion in cuts to the student loan program when President Bush signed the Deficit Reduction Act in February. It is essential for students and others concerned to make phone-calls to influence their senators that student mortgage borrowers desperately need the possibility to negotiate with the lender of their choice. NextStudent thinks that getting an education is the best investment you will make, and it is specialized in helping you pursue your education dreams by making university capital as easy as possible. Learn more about http://www.nextstudent.com/ Student Loans at http://www.nextstudent.com/..