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The former loan servicing arm of Great Lakes, the Great Lakes Educational Loan Services, Inc. guaranteed over $51 billion in loans under FFELP, and works with 6,000 schools, 1,100 lenders and 10,000,000 borrowers. [7]
Ask your employer about SECURE 2.0. If your company has a matching retirement plan, ask about this new provision in SECURE 2.0 that counts student loan payments toward your 401(k).It's effective ...
The student loan servicing industry has had better days. Over the last several months, many servicers – companies that contract with the federal government to manage billing, customer service ...
A Consumer Financial Protection Bureau report flagged several problems with how student loan servicers administered the Public Service Loan Forgiveness program.
Many of the borrowers received bills with charges higher than they should be. The Department of Education identified the errors and directed student loan servicing companies to place the impacted ...
FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. After the decision, FedLoan accounts were transferred to MOHELA, Edfinancial, Aidvantage and Nelnet.
Federal student loan borrowers had a reprieve in payments for more than three years as a pandemic-era repayment pause was extended multiple times since it instated in March 2020.
The Department of Education is in the process of creating a centralized Federal Student Aid (FSA) servicing platform for all federal loans, calling it the… Democratic senators warn of potential ...