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**DOCUMENT ALL PAYMENTS YOU HAVE MADE BEFORE THE TRANSFER**
Nelnet and Great Lakes, which are part of the same company and collectively service federal student loans for approximately 13 million student loan borrowers, will no longer service federal student loans after Dec 2020
Nelnet and Great Lakes, which are part of the same company and collectively service federal student loans for approximately 13 million student loan borrowers, will no longer service federal student loans after Dec 2020
What happened?
On June 24, the Department of Education announced that Federal Student Aid...which provides more than $120 billion of financial aid to more than $68 million students across 5,800 postsecondary institutions each year, signed contracts...
On June 24, the Department of Education announced that Federal Student Aid...which provides more than $120 billion of financial aid to more than $68 million students across 5,800 postsecondary institutions each year, signed contracts...
..five student loan servicers to service federal student loans and provide “enhanced customer support”:
1. Edfin Services LLC
2. F.H. Cann & Ass LLC
3. MAXIMUS Fed Services Inc.
4. Missouri Higher Education Loan Authority
5. Texas Guaranteed Student Loan Corp (Trellis Comp)
1. Edfin Services LLC
2. F.H. Cann & Ass LLC
3. MAXIMUS Fed Services Inc.
4. Missouri Higher Education Loan Authority
5. Texas Guaranteed Student Loan Corp (Trellis Comp)
Under DeVos’ new plan, you might start making student loan payments through a centralized platform, http://studentaid.gov , rather than through the individual student loan servicer websites.
What you should do next
If Nelnet or Great Lakes service your federal student loans:
What you should do next
If Nelnet or Great Lakes service your federal student loans:
*Don’t panic.
* Keep making your regular monthly student loan payments to Nelnet or Great Lakes.
* You don’t need to apply for a new student loan servicer.
* The Education Department will assign you a new student loan servicer.
* Keep making your regular monthly student loan payments to Nelnet or Great Lakes.
* You don’t need to apply for a new student loan servicer.
* The Education Department will assign you a new student loan servicer.
