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The Free Application for Federal Student Aid (FAFSA) must be submitted for each year of enrollment. One form covers both semesters of the school year with payments issued every quarter or semester.
Additionally, they can contact the Federal Student Aid Information Center at 800-433-3243 or check their credit reports to find out who their new servicer is.
Student loan deferment is an agreement between the student and lender that the student may reduce or postpone repayment of a student loan for a designated period. [1] Deferment or forbearance [ 2 ] will prevent the loan from going into default , but may increase the overall cost of the loan. [ 3 ]
As a student loan borrower, a servicer change concerning your student loans can be frustrating — and changes could continue through 2024. The Education Department suggested that contract ...
Per the most recent figures from the Office of Federal Student Aid, over 50% of borrowers (25.5 million) have loans in forbearance as of September, 2022, with 2.8 million borrowers in deferment as ...
Forbes noted that the reason the Department is no longer citing the July deadline is that Congress did not provide additional funding to the Education Department’s Office of Federal Student Aid ...
This article originally appeared on GOBankingRates.com: Student Loan Payments: Here’s the Official Date You Need To Start Paying Again Show comments Advertisement
Further problems on the back end and a last-minute change to the aid calculation meant that colleges did not receive any FAFSA information until March, even if a student submitted the form back in ...