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  2. FedLoan is no longer handling federal student loans: Here’s ...

    www.aol.com/finance/fedloan-no-longer-handling...

    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.

  3. Navient - Wikipedia

    en.wikipedia.org/wiki/Navient

    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 ...

  4. Student Loan Forgiveness FAQs: Everything You Need to Know - AOL

    www.aol.com/student-loan-forgiveness-faqs...

    President Joe Biden announced a first-of-its-kind federal student loan cancellation plan Aug. 24 that would wipe out up to $20,000 worth of federal student loans for millions of Americans. The ...

  5. Maximus Inc. - Wikipedia

    en.wikipedia.org/wiki/Maximus_Inc.

    The Federal Student Aid (FSA) director Richard Cordray approved the agreement in October 2021, which impacted 5.6 million student loan borrowers. Maximus created a new federal loan servicing unit, known as Aidvantage, and said in a statement, “This is a defining moment for student borrowers…it is imperative we get it right.”

  6. What Is EdFinancial Services and How Does It Work? - AOL

    www.aol.com/finance/edfinancial-services-does...

    June 14, 2022 at 4:50 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 ...

  7. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    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 ...

  8. Student loan borrowers are frustrated with servicers ... - AOL

    www.aol.com/student-loan-borrowers-frustrated...

    With less than a month before federal student loan payments restart after the years-long pandemic pause, many borrowers are having a hard time connecting with their loan servicer.

  9. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [1]

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