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Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Date post: 17-Jan-2016
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Your Loan Portfolio Working Your Way Through
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Page 1: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Your Loan Portfolio

Working Your Way Through

Page 2: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

National Student Loan Data System

Page 3: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

National Student Loan Data System

Page 4: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

What Should You See?

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

Page 5: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

What You Should See

Page 6: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

What You Should See

Page 7: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

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

Page 8: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

What Is a Servicer?

A loan servicer is a public or private entity

that collects principal and interest payments,

monitors and report loan repayments.

Page 9: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Handling Multiple Servicers

Who are the servicers?

                                           

                        

                                          

                        

                                           

                      

                                          

                        

                                                                                   

Page 10: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Handling Multiple Servicers

Page 11: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Handling Multiple Servicers

Page 12: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Handling Multiple Servicers

Page 13: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Handling Multiple Servicers

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

Page 14: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

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

Page 15: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

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

Page 16: Your Loan Portfolio Working Your Way Through. National Student Loan Data System.

Thank You

Questions????


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