Sentences with phrase «do federal loan servicers»

Not exact matches

Unlike federal loan servicers, your private lender doesn't have to grant you relief.

If you want the forbearance or stopped collections to apply only to those federal student loans related to your borrower defense application, or if you do not want your loans to continue in forbearance or stopped collections, you must notify your loan servicer after you hear from them confirming the forbearance or stopped collection.

The Department of Education is nearing completion of its transfer of millions of federal student loans to a new set of loan servicers, but the process did not come without a few glitches.

First, realize that Navient is a Federal loan servicer — they do exactly what they are allowed to based on what the Dept of Education says that they law is.

In many cases, you can do pretty much everything with your Federal student loans for free at StudentLoans.gov, or by calling your loan servicer directly.

Even if all of your loans are federal loans, they may be spread out across multiple loan servicers since the government does not use just one loan service company.

Your Federal loans are all handled by a loan servicer, which could be Navient (realize that Sallie Mae and Navient are two different companies — Sallie Mae does private loans and Navient does Federal loans).

If you have federal student loans and have trouble with your servicer, whatever your servicing company is, there are some things you can do to alleviate your situation.

Remember, with almost anything to do with your Federal loans, you can do it for free on StudentLoans.gov or by calling your loan servicer.

If you don't know the federal loan servicer for your federal student loans, use NSLDS ® to get that information.

There are a few things to know about this program, and several steps you would need to take to get potential forgiveness on your federal loans, we would love to discuss with you this possibility, the process is long and it requires some paperwork and dealing with servicers who are not always very friendly, but with us, we do all the talking and dealing with them for you.

Doing nothing and ignoring the student loan bills will eventually take its toll — especially if loan servicers use federal laws to garnish your wages and even intercept your tax return.

If you paid less than $ 600 in interest to a federal loan servicer during the tax year and do not receive a 1098 - E, contact your servicer for the exact amount of interest paid during the year.

Borrowers with federal loans have many payment options, some of which can lead to portions of their debt being forgiven, but sorting through them often requires guidance — and servicers have done a poor job of providing it, according to government oversight reports.

Student loan consolidation must be done through your federal servicer, but we can help you decide whether it's the right choice for you.

The payments do need to be on time, defined as «those received by your federal loan servicer no later than 15 days after the scheduled payment due date.»

In order to find out the number of complaints each servicer received per 100,000 borrowers, we divided the total number of complaints regarding federal student loans by the total number of federal student loan borrowers that each servicer does business with.

Allow all Federal Direct Loan servicers the ability to service consolidation loans, so that borrowers do not need to transition to a new servicer at this crucial point in the repayment process.

Although the Department of Education funds federal student loans, it does not act as a direct servicer once loans are dispersed or begin repayment.

To do so, you will need to either refinance your student loans to a private student loan company (the lender then becomes your new servicer), or select a new servicer when you consolidate your federal student loans.

What many borrowers don't realize is that the change in federal student loan servicers was a part of the 2010 healthcare plan.

That's because the federal government doesn't want states attempting to regulate student loan servicers.

While federal loan rates are standard across the board in a given year, private loans vary widely from lender to lender, which is why it's important to do careful research before choosing a servicer.

Claim to be associated with the Department, FedLoan Servicing, or one of the other federal loan servicers, but do not have your loan details readily available in their system

Because these federal loans offer aid on the basis of financial need and often don't take your credit score or income into account, these servicers may offer student loans for bad credit.