how student loan payments are handled
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Well the US Department of Education uses multiple loan managers to handle billing and other loan services for the William D. Ford Federal Direct Loan Direct Loan Program and for loans made under the FFEL Program of Federal Family Education Loans and that ED later purchased
do you want to make a payment?
If I want to know more about this topic and make payments
You will receive a 0.25% interest rate deduction on direct loans. Contact your loan servicer for more information.
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ok i understand and what things should i avoid?
One thing you definitely want to avoid is going default! This occurs when you are at least nine months behind on your student loan. The consequences of default include damage to your credit rating and future indebtedness.
What if it's not up to me and I can't make payments?
contact your loan servicer to find out your options.
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How can I make a payment by post?
you must contact your loan servicer for the mailing address
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Can you forgive the student loan?
Generally, you are required to repay your student loan, but in certain situations, your loan may be forgiven, canceled, or canceled
