Friday, June 11, 2021

How To Contact Your Student Loan Servicer Before Student Loan Payments Are Due

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Here’s how to contact your student loan service provider before your student loan payments are due on October 1, 2021.

Here’s what you need to know.

Student Loans

There are strong indications that your student loan payments will be due again starting October 1, 2021. Now is a good time to get back in touch with your student loan administrator. You can find out who your student loan service provider is by calling the Federal Office for Student Support (FSAIC) at 1-800-433-3243. Here is a list of student loan service providers for government student loans owned by the U.S. Department of Education:

Student loan service provider: contact information

FedLoan Servicing (PHEAA): 1-800-699-2908

Granite Condition – GSMR: 1-888-556-0022

Great Lakes: 1-800-236-4300

HESC / Edfinancial: 1-855-337-6884

MOHELA: 1-888-866-4352

Navient: 1-800-722-1300

Nelnet: 1-888-486-4722

OSLA Maintenance: 1-866-264-9762

ECSI: 1-866-313-3797

Default Resolution Group (also known as Maximus Federal Services, Inc.): 1-800-621-3115 (TTY: 1-877-825-9923 for the deaf or hard of hearing)

If you have private student loans, you can contact your lender for the best contact information for your student loan service provider. Since March 2020, payments on federal student loans have been temporarily suspended by the Cares Act, the $ 2.2 trillion stimulus package passed by Congress. Without an extension, the student loan will expire on September 30, 2021. Before the student loan payments resume, the Department of Education will send you a written notice informing you of the student loan payments that are due. However, if you haven’t made the student loan payment, you can contact your student loan intermediary to update your contact information, check your student loan balance, or see your monthly student loan payments.

FFELP Loans: Contact information for the Student Loan Servicer

Most FFELP loans are not owned by the Department of Education. Contact your student loan service provider for details on student loan repayment and your various options. If you don’t know who your student loan broker is, check your last student loan payment.

Perkins Loans: Student Loan Administrator Contact Information

If you have Perkins loans that are not owned by the Department of Education, you should contact the college or university that gave you your Perkins loan. It is possible that your college or university can manage your student loan or connect you to your student loan service provider.

What to do if your student loan is transferred to a new student loan service provider

Don’t panic if your student loan is transferred to a new student loan service provider. This is common and can happen multiple times during the life of your student loan. You will receive written correspondence from your new student loan officer as well as contact information. With your student loan service provider, your student loan balance, interest rate and student loan terms and conditions remain the same. Make sure to update your payment information, including any automatic payments, to ensure that your student loan payments are sent to your new student loan service provider.

Don’t wait until October 1st to determine the student loan repayment. Get started now with these clever options to pay off student loans and save money:

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source https://collegeeducationnewsllc.com/how-to-contact-your-student-loan-servicer-before-student-loan-payments-are-due/

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