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The transfer was completed in 2023. Borrowers can find information about their current servicer by logging into their National Student Loan Data System (NSLDS) accounts. Additionally, they can ...
In September 2021, FedLoan Servicing began transferring some student loans to MOHELA. The following month, FedLoan began transferring others to Aidvantage, which was formerly Navient, Edfinancial ...
Since FedLoan is no longer in the student loan servicing industry, your loan was likely moved to one of four servicers: MOHELA, Nelnet, Aidvantage or Edfinancial.
In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED) central database for Federal Student Aid. [1] NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients ...
PHEAA conducts its student loan servicing activities nationally as FedLoan Servicing and American Education Services (AES). FedLoan Servicing was established in 2009 to support the U.S. Department of Education's ability to service student loans owned by the federal government, and is one of a limited number of organizations approved by the ...
As part of the Biden administration’s changes to the student loan system, the U.S. Education Department ... When MOHELA began taking over contracts from FedLoan Servicing last year, the ...
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]