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Since FedLoan is no longer in the student loan servicing industry, your loan was likely moved to one of four servicers: MOHELA, Nelnet, Aidvantage or Edfinancial. If your loan was transferred to ...
In order to replace their loan servicing contract with the United States Department of Education, which expired on June 16, 2019, Great Lakes decided in 2016 to make its bid for a new contract in cooperation with the competing student loan servicer, Nelnet. [2] In October 2017, Great Lakes Higher Education Corporation reached an agreement to ...
Key takeaways. 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, Inc., is a United States–based conglomerate that primary focused on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and owns Allo Fiber, a cable and internet provider.
Student Loan Xpress (SLX) is a member company of New York-based CIT Group Inc. SLX became a wholly owned subsidiary of CIT Group, Inc in 2005. They ceased originating loans on April 3, 2008. They ceased originating loans on April 3, 2008.
Even though borrowers have until Dec. 31, 2023, to apply for student loan forgiveness, many are not waiting to start the application process. By applying now, borrowers who received Federal Pell...
Direct PLUS Loan: The direct PLUS loan is a federal loan that graduate or professional students and parents of undergraduate students can use to pay for their education. These loans can be used to help pay for education expenses not covered by financial aid. The Direct PLUS loan is not based on financial need, but credit is necessary.
Here’s a roundup of important dates you will want to add to your calendar in order to make the most of student loan repayments and new programs. Stimulus 2023: Updates To Know Now