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If you are unsure who services your loan, or if the servicer changed during the pandemic, visit your student aid account dashboard and scroll to “my loan servicers” or call 1-800-433-3243.
As part of the student loan forgiveness plan, there is a clause specifying: “If you made voluntary payments during the payment pause — from March 13, 2020, through Dec. 31, 2022 — and your ...
Student loan deferment is an agreement between the student and lender that the student may reduce or postpone repayment of a student loan for a designated period. [1] Deferment or forbearance [ 2 ] will prevent the loan from going into default , but may increase the overall cost of the loan. [ 3 ]
Direct Loans are reported by a Direct Loan servicer, Federal Family Education Loan Program loans are reported by their guarantor, Perkins loans are reported by schools (or their agent), and grants are reported by the U.S. Department of Education's Common Origination and Disbursement System. Loan servicers can typically provide more current ...
Illinois private and federal student loan borrowers owe an average balance of $36,531 — sixth-highest in the nation and just below the national average of $36,689.
The Illinois Student Assistance Commission (ISAC) is a quasi-public, ten-member panel with a permanent staff. It operates several key Illinois programs of higher education and tuition assistance, of which the largest is the Monetary Award Program (MAP) grant program for eligible Illinois college students. It was founded in 1957.
Those who have already had their refund approved by the state revenue department can check with the Illinois Comptroller’s Office for more specific information, including the status of the ...