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June 26th, 2008 at 2:46pm
Date: Thu, 26 Jun 2008 19:41:24 GMT Server: Apache/2.0.52 (CentOS) X-Powered-By: PHP/4.3.9 Connection: close Transfer-Encoding: chunked Content-Type: text/html; charset=UTF-8
FinAid | Student Loans | Student Loan Servicers
This is just a sample of the content found on this website. Please visit the website to read the entire page. " Student Loan Servicers Visit our Sponsor's Site Studentloan.com • Financial Aid - Grants, Scholarships, Loans • Student Loan Advisor - Free online help • Get money for school - Apply online This section of FinAid provides information about student loan servicers. Servicers are companies that collect payments on a loan, respond to customer service inquiries, and perform other administrative tasks associated with maintaining a loan portfolio. Loan servicers disburse loans funds, monitor loans while the borrowers are in school, collect payments, process deferments and forbearances, respond to borrower inquiries, maintain loan records, and ensure that the loans are administered in compliance with federal regulations and guarantee agency requirements. When your student loan is sold, it can result in a change of servicers. (Student loans are most often sold to a secondary market when they enter repayment. They can also be sold to another bank at any time due to bank mergers or banks choosing to liquidate their student loan portfolios.) Although the original terms of your loans will not change, the address to which you send payments and the date on which payments are due may change. It is therefore important to read all the correspondence you receive carefully. It is also important to ensure that the servicer has your current address and contact information. Students who ignore their mail and phone calls are more likely to be delinquent on a payment and to default on their loans. In addition to the servicing organizations listed here, Secondary Markets service their own loans and may also provide servicing for other lenders. These secondary markets include Brazos Higher Education Service Corporation , College Invest , Connecticut Student Loan Foundation (CSLF) , Education Services Foundation (ESF) , Illinois Designated Account Purchase Program (IDAPP) , LoanSTAR Funding Group, Inc. , National Education Loan Network (NELNET) , Oklahoma Student " .... read entire page
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