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You can also change loan servicers when you refinance your student loans. Refinancing turns all your federal loans to private, giving you new loan terms and a new interest rate.
Perkins Loans and other campus-based loans: You should have received information from the school that originally made the loan regarding the change in student loan servicers. But if you missed the ...
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The current loan service providers for the Federal Student Aid (FSA) program are: Great Lakes Educational Loan Services, Edfinancial, MOHELA, Aidvantage, Nelnet, OSLA Servicing, ECSI, and the ...
In June 2020, the DOE announced that MOHELA was one of five servicers that would help oversee the federal student loan portfolio in order to bring “enhanced customer support”. [ 3 ] [ 4 ] In 2021, it was reported that some FedLoan (Pennsylvania Higher Education Assistance Agency) student servicing loans were transferred to MOHELA. [ 5 ]
The Department of Education announced it will use “secret shoppers” to help monitor the student loan repayment process, as payments for millions of borrowers restarted last month following a ...
If you are unhappy with your student loan servicer, is it possible to switch over to another lender? Discover: How 2023 Recession Will Differ From 2008 and How You Should Prepare...
Borrowers can find information about their current servicer by logging into their National Student Loan Data System (NSLDS) accounts. Additionally, they can contact the Federal Student Aid ...