it is likely a private loan. On the other hand, if the loan was disbursed by the U.S. Department of Education or a federal student loan servicer, it is most likely a federal loan.
If you have a federal student loan that defaults, you may still have the option to rehabilitate the loan. In order to qualify for FFEL or Direct Loan rehabilitation, you will need to make 9 monthly payments within 20 days of the due date during a period of 10 con...
If you have any concerns about the new company that claims to be your loan servicer, checking the federal database should address the problem. Be Patient:One of the downsides to the federal database is that it is only updated once per week. If you don’t find your servicer in the Dep...
Your consolidation options vary depending on the types of loans you have. Federal loan consolidation is only available for Federal student loans. Private student loan consolidation can be used for both Federal and private student loans. If you have both types of loans, you don't have to conso...
Can I change who has my student loan? It’s possible to switch loan servicers or lenders. However, you should be aware of the potential downsides before deciding. Here’s how to change your student loan servicer or lender. From one federal loan servicer to another ...
I also have $36,000 in private student loans with a variable interest rate of 6.2 percent right now. And $24,000 in federal student loans with a 5 percent interest rate. I plan to refinance the variable to a lower fixed rate of 4.8 percent. So should I make minimum payments on my ...
If you have federal student loans and pay them off early, you could lose the opportunity to take advantage of a student loan forgiveness program (if you qualify). If it’s still worth it to you to pay off your student loans quickly, it may help to refinance your student loans as part...
And I learned that on my federal student loans, I currently owe $500 MORE than the day I graduated from law school. How IBR Works Income Based Repayment is a program available for federal debt. It applies a formula to cap your monthly payment at something that the federal government thinks...
Federal student loan consolidation by Gmv on 06-11-2021 11:21 AM Latest post on 06-21-2021 09:36 AM by calyx 8 Replies 2530 Views Previous 1 … 8 9 10 … 179 Next †Advertiser Disclosure: The credit card offers that appear on the website are from credit card com...
Here is what borrowers defrauded by a school need to know about this claim for federal student loan forgiveness.