Industry News and Information
What Is a Loan Servicer and Why Should I Care?
William FriersonNovember 30, 2012
If you don’t know what a loan servicer is, you may want to if you’re going to be paying back student loans. The following post will help you understand the purpose of a loan servicer and why it is important.
So you took out a federal student loan and now it’s time to pay it back. I was in your exact position a year ago and even though I was working at Federal Student Aid, the student loan repayment process was overwhelming.
One of my first questions was: Why am I receiving federal student loan bills from a company rather than the U.S. Department of Education? If you have asked yourself a similar question, this may help:
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