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Student Loan Refund Checks Are In the Mail for Anyone Who Paid During the COVID-19 Moratorium. Yaёl Bizouati-Kennedy. November 17, 2022 at 9:30 AM. JLN Photography / Shutterstock.com.
More than 7,100 student loan borrowers will receive $3.5 million in refund checks after a consumer protection agency said they were scammed by a student debt relief company in renegotiating ...
If you are unsure who services your loan, or if the servicer changed during the pandemic, visit your student aid account dashboard and scroll to “my loan servicers” or call 1-800-433-3243.
More than 27,000 are set to receive checks from the federal government in the wake of a 2019 Federal Trade Commission lawsuit.
Defaulting on a loan happens when repayments are not made for a certain period of time as defined in the loan's terms of agreement, typically a promissory note. For federal student loans, default requires non-payment for a period of 270 days. For private student loans, default generally occurs after 120 days of non-payment. [1]
Student Loan Refund Checks. While most federal student loan borrowers wait for the various legal cases to play out, some borrowers are already getting refunds. Checks are being sent to certain ...