Sentences with phrase «consolidation servicer»
A consolidation servicer is a company or organization that helps combine or bring together multiple loans into one. They handle the process of combining the loans and managing the repayment of the consolidated loan. Full definition
With student loan consolidation, one payment is made to one student loan consolidation servicer once each month.
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To find out how to implement this change and get the discounted rate simply visit your student loan consolidation servicer's website and click on the terms and conditions section after logging in.
Be certain to always make the payments to your student loan consolidation servicer timely, and pay in advance when possible.
When at all possible, set up an online payment process with your student loan consolidation servicer, so that you can make convenient instant online payments, or arrange for a recurring debit to be made from your checking account to the lender.
If you submitted a paper application by U.S. mail, your consolidation servicer's contact information was available when you downloaded or printed the paper application.
The consolidation servicer will be your point of contact for any questions you may have related to your consolidation application.
If you submitted your application online, your consolidation servicer's contact information was provided at the end of the online process.
Unless the loans you want to consolidate are in a deferment, forbearance, or grace period, it's important for you to continue making payments on those loans until your consolidation servicer tells you that they have been paid off by your new Direct Consolidation Loan.
After you submit your application electronically at StudentLoans.gov or by mailing a paper application, the consolidation servicer you selected will complete the actions required to consolidate your eligible loans.
Our clients frequently find that the consolidation servicer does not consolidate the loans listed on the application, repeatedly asks borrowers to submit information they have already supplied, and places borrowers in the wrong payment plans.
As of publication, the Department of Education has four consolidation servicers: FedLoan Servicing, Navient, Nelnet and Great Lakes Educational Loan Services Inc..
It is critical that you continue making payments, if required, to the holders or servicers of the loans you want to consolidate until your consolidation servicer informs you that the underlying loans have been paid off.»
If you submitted your application online, your consolidation servicer's contact information was provided at the end of the online process.
If you submitted a paper application by U.S. mail, your consolidation servicer's contact information was available when you downloaded or printed the paper application.
Unless the loans you want to consolidate are in a deferment, forbearance, or grace period, it's important for you to continue making payments on those loans until your consolidation servicer tells you that they have been paid off by your new Direct Consolidation Loan.
After you submit your application electronically at StudentLoans.gov or by mailing a paper application, the consolidation servicer you selected will complete the actions required to consolidate your eligible loans.
The consolidation servicer will be your point of contact for any questions you may have related to your consolidation application.
You can indicate this when you apply, and the consolidation servicer will wait to process your application until the appropriate time.
After this, the consolidation servicer will consolidate your eligible loans and will be your point of contact for all questions about the process.
A student loan consolidation servicer will take the many student loans that you have and combine the total balance due on each one into one single loan that has one payment each month.