Who is servicing my student loan?
If you’re wondering who is servicing your student loan, there are a few ways to find out. You can check your lender’s website, or give them a call.
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If you’re not sure who services your student loan, there are a few places you can look to find out.
The first place to check is your credit report. You are entitled to one free credit report per year from each of the three major credit reporting agencies — Equifax, Experian, and TransUnion. Your student loan should be listed on your credit report, along with the name of your student loan servicer.
If you don’t see your student loan on your credit report or you’re not sure who your servicer is, you can log in to your account on the National Student Loan Data System (NSLDS®). NSLDS is the U.S. Department of Education’s (ED’s) central database for student aid information. All federal student loans and grants made through ED programs are reported to NSLDS and accessible by guaranty agencies, lenders and schools determined to be authorized users of the data system.
To access NSLDS, you will need your FSA ID, which consists of a username and password. If you don’t have an FSA ID, you can create one on the FSA ID website. Once you have logged in to NSLDS, click on “Financial Aid Review” to view all of the federal student loans and grants that have been awarded to you. The Servicer column will list the name of each servicer for each of your federal student loans. If you have multiple federal loans with the same servicer, those loans will be grouped together under thatservicer’s name; however, if any of those loans are in forbearance or deferment, they may appear as separate listings.
What is a student loan servicer?
Your loan servicer is a company that handles the billing and other services on your federal student loan. The U.S. Department of Education (ED) assigns a loan servicer to your loans after they are disbursed (paid out). If you have loans with multiple servicers, you’ll need to stay in touch with each one.
Your loan servicer will contact you after you graduate, leave school or drop below half-time enrollment to discuss your repayment options, and will assist you throughout the repayment process. They can help you with tasks such as
-Switching your repayment plan
-Requesting a deferment or forbearance
-Consolidating your loans
-Applying for income-driven repayment plans
-Updating your contact information
Who services my student loan?
There are nine companies that service federal student loans:
-Great Lakes Educational Loan Services, Inc.
-Granite State – GSMR
-FedLoan Servicing (PHEAA)
The Importance of Knowing Who Your Student Loan Servicer Is
Your student loan servicer is a company that manages your student loan account. Your student loan servicer will help you with things like making payments, signing up for automatic payments, cosigner release, and provides customer service for your student loans.
Your servicer will also be there to help you in the event that you can’t make your monthly payment or if you start having trouble paying back your loan. It’s important to know who your servicer is so that you can stay on top of your student loan payments and avoid defaulting on your loans.
There are a few different ways to find out who services your student loans. You can look at the documentation that came with your loan, log in to your account on the National Student Loan Data System (NSLDS®) website, or contact your school’s financial aid office.
If you’re not sure who services your loans, it’s important to find out so that you can stay on top of your payments and avoid falling behind.
How to Find Out Who Your Student Loan Servicer Is
Federal student loan borrowers have the right to know who their loan servicer is. Your loan servicer is a company that handles the billing and other services on your federal student loan.
The U.S. Department of Education (ED) contracts with private companies to service federally-held student loans. These companies are called Federal Direct Consolidation Loan servicers. If you have a Direct Consolidation Loan, ED will notify you and your consolidation servicer after your loan has been transferred and your first payment is due.
If you have a non-consolidation loan, you can find out who your servicer is by logging in to “My Federal Student Aid.” Once you log in, go to the “Repayment & Consolidation” tab and click on “View Details” next to the relevant loan. The name of your servicer will be listed under “Loan Servicer.”
There are many companies that service student loans, and it can be difficult to keep track of who is servicing your loan. The best way to find out is to contact your loan servicer directly. You can also look up your loan servicer on the National Student Loan Data System (NSLDS) at www.nslds.ed.gov.