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If you’re unsure if your loan is federal or private, log into your lender’s account — or the place you make your monthly payments. The current federal student loan servicers are: HESC ...
Funding for new direct loans in the Federal Direct Student Loan Program increased from $12.6 billion in 2005 to $17.8 billion in 2008. [7] President Barack Obama organized all new loans under the Direct Loan program by July 2010.
In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [41] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
Interest on federal student loans has started accumulating again after a three-year pause because of the COVID-19 pandemic. The first step is to log in to your StudentAid.gov account and check who ...
FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. ... If FedLoan Servicing serviced your student loan, the loan has been transferred to another loan servicer.
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED) central database for Federal Student Aid. [1] NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other ED programs.
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