What should I contact my loan servicing agency?
As a college student, if things change regarding your status in school or contact information, it's a good idea to notify your loan servicing agency. Your college or university will notify them if you leave school, drop below a part-time status or graduate. However, if you transfer to another school and fail to contact them, they may start the grace period and subsequent repayment process on your student loans. Even if they can't find you to send you a billing statement, once the repayment process begins you are obligated to make the payments. By notifying them that you have transferred to another school and providing proof, you can extend your deferment period and avoid any problems.
Your loan servicing agency also needs to know how to contact you after you have begun the repayment period on your student loans. If you move or change your phone number, contact them immediately with correct information. Failure to do this could result in mail being lost or misdirected.
Student Loan Frequently Asked Questions
How do I apply for financial aid?
Is it easy to apply for financial aid after the first year?
What information do I need to have available when I apply for financial aid?
How can I become an independent student for financial aid?
What is my expected family contribution?
Why do I have to go through entrance and exit counseling for financial aid?
Why have I been selected for financial aid verification?
What is the SAR?
Can I request a change to my SAR based on special circumstances?
How does my college determine my expenses?
What is the Federal Perkins Loan and how do I qualify for it?
What is a Stafford Loan?
What factors are used to determine my eligibility for financial aid?
What is the maximum amount a student can receive in Stafford or Perkins Loans?
What is the difference between a subsidized and unsubsidized Stafford Loan?
When will I receive my student loan disbursement?
What is work study?
Are there any requirements to continue to receive financial aid?
Am I charged loan fees on a federal student loan?
What is a benefits of Federal Student Aid?
Can I repay a defaulted student loan?
What do I do if I can't make the payments on my student loan?
Will a cosigner help me get a student loan?
What do I do if no one will grant me a student loan?
Can I get an alternative bad credit student loan for college expenses?
Do I have to pay to find a student loan?
What if there are errors on my credit reporting preventing me from getting a student loan?
How does my credit score impact my ability to get a student loan?
Can I pay for college with a home equity loan?
What do I do if I think I am the victim of identity theft?
How can I get free money for college?
What other student grants can I receive?
After the Pell, can I qualify for any other grants?
Are there grants available from the state governments?
What expenses will my grant funds cover?
Are there any special grants available for college students?
Where can I find grants to help pay for college?
Can I get a grant due to my high grades?
How do I know if I am eligible to receive a federal grant?
What happens if I need to drop out of school?
Who is Sallie Mae?
Can I get an alternative student loan?
Can I get a private student loan for a study abroad program?
Are there special loans for law school or medical school?
Where can I find a private student loan?
Can I qualify for a private student loan?
Can I take both federal and private student loans?
When do I start repaying private student loans?
Are there student loans available for international students?
What kinds of financial aid is available for students?
Do my income and assets impact how much financial aid I may receive?
Are there tax sheltered college savings accounts available?
Can I get a scholarship to pay for my college education?
Can I pay my college tuition with a credit card?
Can I pay for college with a part-time job?
If I am in graduate school, can I get an assistantship?
If I work at a college or university can I get a tuition waiver?
Can I prepay for college?
How can I manage my college debt after graduation?
What is a student loan promissory note?
Do I have to pay a fee to apply for financial aid?
Will the military pay for my college education is I am a servicemember?
If I am a doctor or lawyer can I get my student loans forgiven?
Will a graduate fellowship help pay for college?
Can I get federal financial aid to pay for a distance education degree program?
What happens if I don't complete my FAFSA honestly?
When should I apply for financial aid?
What should I contact my loan servicing agency?
What is the difference between a Direct Loan and an FFEL Loan?
When do I begin repaying my student loans?
What will my monthly payments be for my student loan?
Can I get my student loan forgiven?
Can I defer my student loan payments?
What if I can't make the payments on my student loans?
If I die, who is responsible for my student loan debt?
Is there any tax benefit for repaying student loan?
Can my loans be discharged through bankruptcy proceedings?
Can student loan debt be forgiven if I am a teacher?
I like to volunteer, will that reduce my student loan debt?
What are the benefits of consolidating my student loans?
Why would I need a private bank student loan consolidation?
What information do I need to have to consolidate my student loans?
How do I go about consolidating my student loans?
What are my repayment options for a consolidation student loan?
What interest rate will I be charged on a consolidated student loan?
When should I consolidate my student loans?
What student loans can I consolidate?
What is student loan consolidation?
When is it a bad idea to consolidate loans?
How do I qualify to refinance my student loan?
What benefits are there to refinancing a student loan?
Are there any disadvantages to refinancing a student loan?
Who can I get to refinance my student loans?
Can a defaulted student loan be refinanced?
Can I refinance a loan that has already been consolidated?
Should I refinance my Perkins Loan?
Can a PLUS Loan be refinanced?
Will I lose tax incentives if I refinance my student loan?
Can I cancel the student loan I refinanced?
Do you want a headstart by getting an early financial aid estimate?
Do you want easy access to your secured information?
Wondering where you are going to get all this money at once?
Do you know anyone else with experience dealing with financial aid?
Do you have bad credit and want to pursue a degree in health sciences?
Have you used scholarships as a way around your bad credit score?
have you tried credit counseling to improve your credit score?
Have you obtained a recent credit report?
Have you contacted lenders to explain your credit history?
Thinking about putting tuition on your student credit card?
Thinking of giving up because your credit is just too bad?
Do you know where your credit score needs to be?
Have you heard about the Federal Direct Loan Program?
Does it feel like you are rushing through a ton of information?
Did you know loans are meant to cover certain living expenses too?
Does it sound to good to be true?
Did you lose some federal aid when you got more scholarship money?
Do you know what the disbursement dates are for your loans?
Do you know what you can deduct on your taxes?
What is loan forgiveness?
What is campus-based aid?
Do you qualify for a Perkins Loan?
Do you want to refuse the loan award you were given?
Need to postpone your Perkins Loan payments for a little while?
Did you know repaying your Perkins Loan affects others too?
Have you been informed of the various repayment options for Stafford Loans?
have you completed either of the mandatory entrance and exit counseling sessions?
Do you qualify for loan forgiveness?
What is the interest rate on Federal Stafford Loans?
How much can you take out in Stafford Loans?
Have you asked about federal aid participation and loan default rates?
Have you asked your adviser what they use to determine satisfactory academic progress for your federal aid?
Did you know you can consolidate your PLUS loans?
Wondering if you can consolidate with your spouse?
Did you compare different consolidation packages before choosing?
Have you used a student loan calculator to figure out consolidation?
Tired of making multiple payments to different lenders?
Do you know if rates are schedule to go up or down?
What does refinancing mean to you?
Have you prioritized your debts and worked to eliminate them?
Can you refinance more than once?
Have you talked things over with your cosigner?
have you taken your time and asked if the lender can make any concessions for you?
Are you planning on using your senior year to explore refinancing options early and in depth?
What incentives mean the most to you?
Did you know refinancing during your grace period saves you money?
Do you only make the minimum payment every month?
Have you looked into forgiveness?
Does your company offer reimbursement for tuition?
Are you waiting to start make payments until after you graduate?
Are you doing enough to build good credit while in school?
Have you figured out how much you can afford to pay each month for loans?
Are you about to default on a student loan?
Do you know the limits on your federal loans?
Are you making interest payments on your unsubsidized loans?
Are you building credit and paying off your federal loans?
Do you know what drug convictions does to your chances of getting federal aid?
Is it better to consolidate or leave subsidized and unsubsidized loans separate?
Is there such a thing as subsidized private student loans?
Did you know you can rehab a defaulted federal loan?
Are you aware of the tax deductions on federal loan interest?
What is AES?
Have you looked at ACS loans for college?
Are minimum loan requirements discouraging?
Have you made your adviser aware of all your expenses when certifying a loan?
Are you familiar with the different loans offered through Sallie Mae?
Are you using private loans in the best way?
Have you gotten scholarships after you already took out private loans?
Have you applied for the Grad PLUS Loan?
Are you keeping track of your undergrad loans while preparing for grad school?
Is it safe to take out student loans to go to a for-profit college?