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FedLoan Servicing stopped handling federal student loan accounts on December 14, 2021. ... Aidvantage and Nelnet. ... contact the customer service of your current loan servicer.
However, FedLoan stopped servicing federal student loans after December 2022 and the Department of Education then transferred the loans it was servicing to Nelnet, Edfinancial, Aidvantage or MOHELA.
The quickest way to see who is servicing your loan is to log into your account on StudentAid.gov and review the details of your loans. If you have any trouble accessing your accounts, reach out to ...
navient .com. Navient Corporation is an American student loan servicer based in Wilmington, Delaware. Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient. Navient employs 6,000 people at offices across ...
In 2021, Maximus completed three additional transactions. Maximus and Navient announced the two companies signed a definitive agreement [25] to transfer the loan servicing for 5.6 million U.S. Department of Education-owned student loan accounts through a contract novation, creating a new operating entity, Aidvantage.
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
June 14, 2022 at 7:50 AM. EdFinancial is a federal student loan servicer that works with the U.S. Department of Education to manage and process federal student loans. EdFinancial has been in the ...
If you have questions about the FedLoan Servicing changes, you can contact FedLoan Servicing using the following information: Toll-free phone number: (800) 699-2908, available Monday through ...
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