When should you contact your loan servicer?
Any time there is a change to your contact information, it is vital that you contact your servicer and share those details. Similarly, if you change banks or make other changes that affect your checking or savings account, it is important to communicate those if you are enrolled with an automatic payment plan.
What are two things you are responsible for as a borrower?
As a borrower, it is important to be aware of the following responsibilities:
- Signing the promissory note means you agree to repay the loan.
- Make payments regardless of receiving billing notices.
- Continue to pay while waiting for deferment or forbearance approval.
- Notify your lender or loan servicer when you…
How do I contact a federal loan servicer?
To find out who your loan servicer is, visit your account dashboard, find the “My Aid” section, and select “View loan servicer details,” or. call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243….Identifying Your Servicer.
| Loan Servicer | Contact |
|---|---|
| ECSI | 1-866-313-3797 |
Where would a student borrower be able to locate information regarding his her federal loan servicer?
Once you’ve accessed your dashboard, you’ll see your student loan servicer and other details about your loans. Alternatively, you can find your federal student loan servicer by calling 1-800-4-FED-AID (1-800-433-3243) (those who are deaf or hard of hearing can call 1-800-730-8913).
How do I know if I have federal student loans?
Check the Federal Student Aid site Studentaid.gov contains information on all federal student loans. It’s the easiest way to determine if your loans are federal and get any loan information you may need. If you don’t see your loan information on studentaid.gov, you don’t have a federal student loan.
Which is a requirement for obtaining a direct federal student loan quizlet?
Which is a requirement for obtaining a Direct federal student loan? Filing a Free Application for Federal Student Aid before the deadline. Which is not a factor in determining the amount of a student’s federal student loan? You just studied 10 terms!
How do I apply for a federal unsubsidized loan?
How to Apply for a Direct Unsubsidized Loan
- Complete the Free Application for Federal Student Aid (FAFSA®) or Renewal FAFSA (for returning students) at StudentAid.gov.
- Receive your financial aid award letter by mail or email from your school’s financial aid office.
Does a federal direct unsubsidized loan have to be paid back?
Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment. However, if you have a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan, you have a six-month grace period before you are required to start making regular payments.
What happens if you don’t accept financial aid?
If requirements aren’t met, they’ll be put on financial aid suspension. Your federal aid for that semester will be canceled, and you won’t be able to receive further aid until you meet satisfactory academic progress again.
What happens to the financial aid I don’t use?
If you have leftover money, you have some basic options: Leave the additional money in an account with your school. Get the money as a direct deposit into your bank account, if you have a personal checking or savings account through a preferred bank with your school.
What happens if I apply for fafsa and don’t use it?
A student who does not fill out a FAFSA will not receive any assistance from the federal government, no matter what their needs may be. The student will be responsible for paying the entire tuition sum.