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General forbearances are available for Direct Loans, Federal Family Education (FFEL) Program loans, and Perkins Loans. Mandatory forbearance: Your student loan servicer is required to grant you ...
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 ...
NEW YORK (AP) — Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic.. You should expect a bill that lays out how ...
Pew Charitable Trusts research highlights the increasing number of student loan borrowers who encounter repayment problems or interruptions. As of October 2018, the number of student loan borrowers in default in the United States was more than 8 million, which equates to about 1 in 5 federal student loan borrowers. [20]
Federal Direct Unsubsidized Loan - Part of the Federal Direct Student Loan Program, Federal Direct Unsubsidized Loans are not need-based, meaning that nearly all students are eligible to receive them. Unlike Federal Direct Subsidized Loans, Direct Unsubsidized Loans accrue interest the moment they are applied to a student's tuition account.
FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and Nelnet.
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