How To Find My Federal Student Loan Servicer
Who is my federal pupil loan servicer?
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While the U.S. Department of Education is your lender if you lot take federal educatee loans, y'all won't contact information technology when yous have questions nearly your account. Instead, you'll contact your pupil loan servicer. This company processes all of your payments over the life of the loan, helps you enroll in the right repayment program and answers any questions that come up.
Borrowers don't choose their loan servicer — they are assigned one. If you lot don't know who your loan servicer is, there are a few means to observe out.
Who is my federal loan servicer?
Your loan servicer tin can provide lots of details about your loan, such as the loan balance, payment history and more than. If you take multiple loans with multiple lenders, the Federal Student Aid website is a good identify to get-go. Here are your options:
- Log in to your business relationship. Sign in to your Federal Student Help account using your FSA ID. Your loan servicer should exist listed on your account dashboard next to the details most your educatee loans.
- Check the National Student Loan Data System. The National Educatee Loan Data System (NSLDS) is the Department of Educational activity'southward cardinal database for federal student assist. To admission it, you'll demand to enter your FSA ID or create an account. Your account dashboard will list your federal student loans, forth with your student loan servicer, loan rest, interest rate, loan condition and other details.
- Call the Federal Educatee Aid Information Center. You may also telephone call the Federal Pupil Assist Data Center at 800-433-3243. It will provide details about your federal student loans, including your loan servicer.
- Check your credit reports. Additionally, your loan servicer may be listed on your credit reports. Head to AnnualCreditReport.com, where you can access a credit written report from each of the three primary credit bureaus — TransUnion, Equifax and Experian — for free once weekly. In one case yous pull upward a credit written report, find where your pupil loans are listed. The loan servicer and lender should be listed next to the loan. For example: "MOHELA/Department of Teaching."
- Call your school. If your loan is for the upcoming school year or you're still enrolled in classes, and then your school's financial aid role tin provide your loan details. This includes your loan condition, loan amount and how to abolish the loan.
How to contact your loan servicer
One time you graduate or enter repayment, the loan servicer is your master source of information regarding your loan. Correct now, your loan is likely managed by one of the following servicers:
| Loan Servicer | Contact |
| FedLoan Servicing (PHEAA) | 800-699-2908 |
| Granite State – GSMR | 888-556-0022 |
| Nifty Lakes Educational Loan Services, Inc. | 800-236-4300 |
| HESC/Edfinancial | 855-337-6884 |
| MOHELA | 888-866-4352 |
| Navient | 800-722-1300 |
| Nelnet | 888-486-4722 |
| OSLA Servicing | 866-264-9762 |
| ECSI | 866-313-3797 |
| Default Resolution Group | 800-621-3115 (TTY: 877-825-9923 for the deafened or hard of hearing) |
The future of federal student loan servicers
At that place are changes coming to how federal educatee loans are serviced. The U.Southward. Department of Instruction is working to transition to what it's calling the "Next Gen" platform, which will streamline online resources and cut dorsum on the number of federal educatee loan servicers. Five servicers were selected for this new initiative, and so many student loan borrowers will be shifted to a new servicer as the programme is rolled out in the adjacent few years.
Additionally, FedLoan Servicing, Navient and Granite State Management and Resources have all opted to go out their contracts with the Department of Pedagogy by the terminate of 2022. FedLoan loans will be transferred to MOHELA, Navient loans to Maximus and Granite State loans to Edfinancial Services. If you lot have loans managed by one of these companies, update your contact information to ensure that any emails are sent to your inbox and not your spam folder. You'll receive communications from your servicer and the Department of Education about the transition.
In one case the change is in upshot, monitor your student loan business relationship and ensure that your payments go through correctly. You may accept to sign up for automatic payments again.
Loan servicers for private educatee loans
If you have individual student loans, your loan information won't bear witness up in the NSLDS. Private institutions such as banks, credit unions and online lenders originate these loans and hire loan servicers to manage the accounts, much like federal student loans.
To find out who services your private pupil loan, log in to your lender website or app. Yous should be able to find details virtually your loans, including the loan balance, interest rates and loan servicer.
If you take no idea who the loan servicer is, check your credit reports. The loan servicer should be listed adjacent to the business relationship, along with any contact information.
The lesser line
The procedure of finding your student loan servicer can seem frustrating, but there are a few ways to locate this information. Start by logging in to your student loan account, calling the Federal Student Aid Data Middle or checking your credit reports.
Once you know who your loan servicer is, create an account if you didn't have one earlier. You'll usually need to create a username and countersign and provide your name, address and Social Security number for verification purposes. Make certain to tell your loan servicer when your address or other data changes and then it can continue sending y'all important information nigh your loan.
Finally, return to your account each calendar month to make payments, rails your progress and get information about hardship options.
Learn more:
- How federal student loan servicing will alter in 2022
- Student loans getting transferred to a new servicer? Here'southward what yous need to know
- When practice pupil loan payments offset again?
Source: https://www.bankrate.com/loans/student-loans/who-is-my-federal-loan-servicer/
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