As student loan repayment requirements resume this month, some borrowers are experiencing customer service issues with their loan servicers. The resulting chaos has prompted 19 state attorneys general to argue that consumers facing servicer difficulties shouldn't have to repay their debt until the ...
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Student loan repayment is complex, complicated by a tangled web of regulations, a mix of private and public entities, and unfamiliar lingo. If that wasn’t enough pressure, the consequences of making a mistake in this area can be pretty profound. Fortunately, it’s not an impossible task. S...
Customer Service 4.3 out of 5 Eligibility 4.5 out of 5 RISLA Student Loans Are Best For: People who qualify for RISLA’s Loan Forgiveness for Internships program. People who plan to practice nursing in Rhode Island. People who want flexible repayment options. An Alternative Lender To Consi...
Now that student loan repayment has resumed, a common complaint among borrowers is about the lack of customer service from loan servicers. There are lengthy hold times and inconsistent information from each representative. A survey respondent explains, “I can never get a hold of anyone for PSL...
Loan Amount: $30,000 Interest Rate: 5% per year Loan Term: 10 years (120 months) Monthly Payment: $318.20 Regular Repayment (10 Years): Total Interest Paid: $8,184.24 Total Amount Paid: $38,184.24 Early Repayment (5 Years): Monthly Payment: $566.14 ...
If you’re struggling with your student loan debt, first speak with your student loan servicer or lender to: Discuss repayment options. Take a temporary payment pause. Temporarily reduce your monthly payments. If your proble...
However, the government agency doesn’t service its loans. Instead, it relies on private companies to handle payments, repayment plans, customer service, and more. A current list of federal loan servicers includes: Great Lakes Educational Loan Services Inc. (merged into Nelnet in June 2023) ...
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Choice of repayment terms Cosigner release policy Guaranteed protections, such as economic hardship forbearance Other perks, such as credit score tracking Lender ratings and customer service track records How to get a private student loan 1. Shop for private student loans ...