If your student loans are through the federal government, you can quickly identify your loan servicer by logging in to your Government Scholar Assistance account with your FSA ID. Your account dashboard contains the name of your student loan servicer and other valuable information about your account, including the types of student loans you have, loan balances, and the accrued interest on those loans.
Several other way of look for the government education loan servicer will be to telephone call 1-800-433-3243 or TTY step 1-800-730-8913 for the deaf or hard-of-hearing.
Federal student loan servicers
- Aidvantage – 1-800-722-1300
- ECSI – 1-866-313-3797
- FedLoan Servicing (PHEAA) – 1-800-699-2908
- Granite State Administration & Info (GSM&R) – 1-800-719-0708
- High Lakes Educational Loan Features, Inc. – 1-800-236-4300
- HESC/Edfinancial – 1-855-337-6884
- MOHELA – 1-888-866-4352
- Nelnet – 1-888-486-4722
- OSLA Upkeep – 1-866-264-9762
- Default Resolution Category (simply for federal figuratively speaking when you look at the default) – 1-800-621-3115 or TTY 1-877-825-9923 for the deaf or hard of hearing
Change started for federal education loan servicers
You may have heard rumblings in news reports on federal beginner mortgage repair lately. In , the Company of Education offered new repair deals away from half dozen loan servicers using if you find yourself announcing these businesses would be stored to better standards subsequently. The fresh six businesses which have the brand new federal agreements are great Ponds, HESC/Edfinancial, MOHELA, Navient, Nelnet, and you will OSLA Upkeep.
Because of its region, Navient revealed it is now transitioning their education loan profile – every 5.six billion federal education loan profile – in order to a pals called Maximus. Maximus applied for and you can is actually provided a contract in order to solution federal student education loans less than its maintenance office, Aidvantage. As of , Navient no longer functions college loans.
Granite County (GSM&R) together with transferred their student loan profile so you can Edfinancial inside the . And FedLoan Upkeep, which protects all PSLF programs, is going to continue working with consumers up until its deal expires. At the same time, FedLoan Repair happens to be going loan profile to Aidvantage (previously Navient-had money), Edfinancial, MOHELA, and Nelnet.
If your education loan servicer try closing off, there are some things you can do to prepare for the changes.
Pay close attention to communication concerning your import. As soon as your education loan membership transmits, you will want to receive notifications regarding the Agency off Degree plus the and you may dated servicers, telling your of your own changes and you can just what steps you will want to take second.
Checklist or printing information from the most recent membership, such as your payment background and you may loan balance. Since the transfer is complete, relate to their records to make certain your very important financing facts was accurate. At that time, you can target your loan costs into the the new servicer.
How to look for my private education loan servicer?
To acquire your individual education loan servicer, get on the loan account otherwise look at the extremely current education loan report.
You are able to request a credit file, that ought to listing your private loan lenders as well as their contact info. You could consult 100 % free duplicates of the credit history annually from the three main credit no credit check payday loans Franklin bureaus from the AnnualCreditReport. Once you have your own lenders’ suggestions, contact them to dictate that is maintenance their figuratively speaking.
What do I actually do once i pick my personal education loan servicer?
Once you pick your student loan servicer, you could potentially put up an internet account and hook your own lender membership so you’re able to make direct repayments out of your checking account. You might install commission alerts, or, even better, you will be able to find a speeds discount when you invest in build automated repayments.
For those who have government student education loans, you could speak to your student loan servicer should you want to get deferment, forbearance, or check into the loan forgiveness eligibility. Their student loan servicer may also help you combine several government college loans into the an immediate Combination Financing, that give you a single payment per month to keep up with away from.