Not exact matches
Sometimes people with
student loans, mortgages, and auto
loans get a letter in the mail that their
loan has been
transferred to a new lender.
While you don't initially
get a choice on your
student loan servicer, you can manage to
transfer loans between servicers during repayment.
They could keep their credits and repay their
student loans or they could
get their
student loans forgiven and lose their credits.Those who chose to keep their credits could, in theory,
transfer them to another institution and continue their degree while those who chose to have their
loans forgiven would have to start their programs again from the beginning.This isn't the first time that
students had to make this kind of choice.
Despite these drawbacks, doing a balance
transfer to help pay off your
student loans can be a good idea if your goal is to
get out of debt quickly while saving money on interest.
Transferring student loan debt to a credit card can save money, but only as long as you
get the balance
transfer paid off before the promotional interest rate expires.
I believe there is one more
student loan collection agency that they can
transfer my
loans to after they
get Fedloan
get their quota of payments.
For example, do you know who owns your private
student loan?The truth is that at times, nobody knows, because
loans are
transferred from institution to trust, and they continue to
get transferred with little paper trail left behind, making it near impossible to validate these debts.