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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. ... If you previously used autopay with FedLoan, the information will automatically transfer. Borrowers won ...

  3. Is Fedloan Servicing Ending This Year? - AOL

    www.aol.com/finance/fedloan-servicing-ending...

    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 ...

  4. What to know if CornerStone was your student loan servicer - AOL

    www.aol.com/finance/know-cornerstone-student...

    If you were one of the 1 million borrowers with a CornerStone loan, your loan has been transferred to another loan servicing agency. Since FedLoan is no longer in the student loan servicing ...

  5. Income-driven repayment - Wikipedia

    en.wikipedia.org/wiki/Income-driven_repayment

    A borrower is a "new borrower" if, when receiving a federal student loan on or after October 1, 2007, the borrower did not have an outstanding balance on another federal student loan. [2] The Revised Pay As You Earn Plan is available to all Direct Loan borrowers regardless of when the money was borrowed.

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

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

    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 ...

  7. Student loans in the United States - Wikipedia

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

    As of 2021, approximately 7.8 million Americans from 18 to 25 carry student loan debt, with an average balance of almost $15,000. [64] For adults between the ages of 35 and 49, the average individual balance owed exceeded $42,000. The average debt for adults between 50 and 61 is slightly lower.

  8. Student loan borrowers get more clarity on Biden’s plan to ...

    www.aol.com/finance/student-loan-borrowers-more...

    The government this month extended the deadline for consolidating commercially-held FFEL, Perkins, or Health Education Assistance Loan (HEAL) with Federal Student Aid to become eligible for the ...

  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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