Department of education loan servicing

How do I find my student loan servicer?

To find out who your loan servicer is, call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243.

How do I get my student loan account number?

To access StudentAid.gov: Go to StudentAid.gov. Click “Log In” Have your FSA ID available. This is the same username and password you used to electronically sign your FAFSA. If prompted, enter your name, Social Security number , your date of birth and your FSA ID. Read the privacy statement. Select “Submit”

Is Navient owned by Department of Education?

Navient processes and services on behalf of the U.S. Department of Education , education loans owned by the the U.S. Department of Education . This policy describes the U.S. Department of Education’s principles and practices regarding the sharing of customer information with other entities.

How do I contact Fedloan servicing?

We are now open for phone support Monday–Friday 8:00 AM to 9:00 PM ( ET ), or borrowers can email us 24/7! If your student borrowers have questions about repayment, they can call our servicing center at 1-800-699-2908 or use the ” Contact Us” link on our website.

What is the best loan servicer for student loans?

9 Best Federal Loan Servicers Great Lakes Educational Loan Services, Inc. HESC/Edfinancial. FedLoan Servicing (PHEAA) Granite State – GSMR. OSLA Servicing . Navient. MOHELA. Nelnet.

Who is the loan holder for student loans?

A loan holder is the entity that manages your student loan . The loan holder of a Direct Loan is the U.S. Department of Education (ED). The loan holder of a FFEL Program loan may be a lender, secondary market, guaranty agency, or ED.

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How do I check my student loan balance?

To find your current federal student loan balance , you can use the National Student Loan Data System (NSLDS), a database run by the Department of Education. When you enroll into a college or university, the school’s administration will send your loan information to the NSLDS.

What is the maximum amount of student loans you can get?

The maximum amount you can borrow depends on factors including whether they’re federal or private loans and your year in school. Undergraduates can borrow up to $12,500 annually and $57,500 total in federal student loans. Graduate students can borrow up to $20,500 annually and $138,500 total.

What is the lifetime limit on student loans?

Federal Student Loan Lifetime Limits

Year In School Dependent Students* Independent Students**
Lifetime limit $31,000—no more than $23,000 can be subsidized $57,000 for undergraduates—no more than $23,000 can be subsidized $138,500 for graduate and professional students—no more than $65,500 can be subsidized

Is Navient really forgiving loans?

Navient borrowers with federal student loans may be eligible for one of the federal student loan forgiveness programs, such as Public Service Loan Forgiveness or forgiveness through an income-driven repayment plan. It takes at least 10 years of making on-time payments to qualify for PSLF , for instance.

Can student loans be forgiven after 10 years?

The Public Service Loan Forgiveness program discharges any remaining debt after 10 years of full-time employment in public service. The borrower must have made 120 payments as part of the Direct Loan program in order to obtain this benefit.

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How can I get my student loans forgiven?

Key Takeaways Student loan forgiveness can be earned in two ways: by working in public service or by making payments through an income-contingent payment plan for a (long) period of time. Only federal direct loans qualify for loan forgiveness —you can’t get it for private loans .

Do student loans go away when you die?

If you die , then your federal student loans will be discharged after the required proof of death is submitted.

Why did my student loan payment go up?

The amount of interest you pay on your student loan is compounded daily, which can increase your monthly payment . For instance, if you are making a payment during a month with 31 days versus 28 days, you will notice a higher monthly payment because there are more days in the month. More days equal more interest.

Is FedLoan servicing going away?

The current servicing contracts expire on December 14, 2020, with two potential six-month extensions at the Department’s discretion through December 14, 2021. Thus, student loan borrowers could see significant servicer changes as soon as the end of the year.