Is FedLoan a government agency?
FedLoan Servicing, otherwise known as the Pennsylvania Higher Education Assistance Agency, is a non-government entity that manages repayment for Federal student loans.
Student loans are carried by some 46 million Americans..
Is FedLoan servicing a private lender?
FedLoan Servicing isn’t a lender nor does it service private loans. It was established in 2009 by PHEAA specifically to service student loans owned by the federal government.
How do I apply for student loan forgiveness?
How to Apply For Forgiveness. Contact your loan servicer if you think you qualify. If you have a Perkins Loan, you should contact the school that made the loan or the loan servicer the school has designated.
Is Myfedloan org a legitimate website?
Here’s the scoop: FedLoan Servicing is a legit company. … It’s one of several student loan servicers contracted by the U.S. Department of Education to handle federal student loans.
Is Myfedloan federal?
FedLoan Servicing is a Servicer to Federal Student Aid You have a network of support to help you succeed with your federal student loan repayment.
Is the loan forgiveness program legit?
Yes, student loan forgiveness is real, but… It can take a long time to get it. … The only exception is student loan repayment assistance programs (LRAPs), which sometimes give you financial assistance to pay off both your federal and private loans. These typically come from a state or private organization.