What types of loans does FedLoan Servicing service?
Asked 6 months ago
FedLoan Servicing primarily services federal student loans. These include Direct Subsidized and Unsubsidized Loans, Direct PLUS Loans, and Direct Consolidation Loans. They also service Federal Family Education Loan (FFEL) Program Loans, which are no longer being disbursed but were issued by private lenders. FedLoan Servicing also manages Teacher Education Assistance for College and Higher Education (TEACH) Grants, which provide financial aid to students studying to become teachers in high-need fields. Additionally, they service Public Service Loan Forgiveness (PSLF) Program loans, assisting borrowers in meeting the requirements for loan forgiveness through qualifying employment. However, it's always recommended to review their website or contact FedLoan Servicing directly for the most up-to-date and accurate information on the specific types of loans they service.
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