Sentences with phrase «major student loan servicers»
In early 2018, Nelnet acquired Great Lakes, reducing the number of major student loan servicers from four to three.
https://studentloanhero.com/
Until yesterday's announcement, there were four major student loan servicers — Nelnet, Great Lakes, Navient, FedLoan Servicing (PHEAA)-- and five smaller companies.
Yesterday, Nelnet announced its $ 150 million purchase of Great Lakes Educational Loan Services, potentially reducing the number of major student loan servicers from four to three.
Not exact matches
If you fail to make payments on your federal student loans for 90 or more days, your loan servicer will report the delinquency to the three major credit bureaus.
All guarantors and most major student loan lenders and servicers (including servicers for Perkins, private / alternative, and institutional loans), as well as the Department of Education, participate in the Clearinghouse.
When you take out a student loan, most lenders or student loan servicers will notify at least one of the three major credit reporting agencies — Equifax, Experian, or TransUnion — so they can include the new account on your credit report as a trade line.
If you are more than 90 days delinquent on your student loan payment, your loan servicer will report the delinquency to the three major national credit bureaus.