Of course Learn about the role student loan servicers play in the repayment process and which servicer handles your federal student loans
and how do I find out who my loan manager is?
very easy call the FSAIC Federal Student Aid Information Center at 1 - 800 - 433 - 3243.
I'd like to ask regarding student loan manager.
For most federal student loan types , after you graduate , leave school , or drop below half - time enrollment , you have a six - month grace period sometimes nine months for Perkins Loans before you must begin making payments. This grace period gives you time to get financially settled and to select your repayment plan. Not all federal student loans have a grace period. Note that for most loans, interest accrues during your grace period. You can choose to pay the interest that accrues during your grace period. This prevents that interest from being added to the principal balance also known as interest capitalization. How long do federal student loans have a grace period?
Do I really have a grace period of six month?
Yes, you have a six-month grace period before you have to start paying back your student loans and nine months if you have a Perkins Loan.
What loan servicers are used to make payments to?
The US Depatment of Education has many loan servicers that handle the billing and other services on loans for William D. Ford Federal Direct Loan and for loans that will made under FFEL and ED purchased.
Did you set up automatic monthly debit payments for your loan from your checking or savings?
No, I have not set up automatic payments.
Do you send your payment by mail?