Your Loan Portfolio

Working Your Way Through

National Student Loan Data System

National Student Loan Data System

What Should You See?

Principal Loan Amount Servicer of your loan Guarantor of your loan Loan status Contact information

What You Should See

What You Should See

What Is a Guarantor?

A guarantor is someone who pledges that a

loan or other type of debt will be paid.

Usually, a guarantor agrees to pay or

perform another person's debt or duty

should that person fail to do so

What Is a Servicer?

A loan servicer is a public or private entity

that collects principal and interest payments,

monitors and report loan repayments.

Handling Multiple Servicers

Who are the servicers?

                                           

                        

                                          

                        

                                           

                      

                                          

                        

                                                                                   

Handling Multiple Servicers

Handling Multiple Servicers

Handling Multiple Servicers

Handling Multiple Servicers

Possible Conflicts Selling of your loan(s) between transactions Multiple payouts

Possible Solutions

Consolidation Benefits

Extended Repayment Option Make one payment to one servicer a month Easy account management Public sector loan forgiveness

Cons Loss of grace period Possible loss of prior benefits

How to Consolidate

Loan Consolidation Application and Calculator

http://loanconsolidation.ed.gov/borrower/bconsol.html Calculator

https://loanconsolidation.ed.gov/AppEntry/apply-online/appindex.jsp

Application

Thank You

Questions????