Is PHEAA the same as FedLoan servicing?

Is PHEAA the same as FedLoan servicing?

PHEAA conducts its student loan servicing operations nationally as FedLoan Servicing and American Education Services (AES). PHEAA operates its digital technology division as Avereo.

How do I contact FedLoan servicing?

Borrower Support. New hours, same great support! We are now open for phone support Monday–Friday 8:00 AM to 9:00 PM ( ET ), or borrowers can email us 24/7! If your student borrowers have questions about repayment, they can call our servicing center at 1-800-699-2908 or use the “Contact Us” link on our website.

Is PHEAA a federal student loan?

Pennsylvania Higher Education Assistance Agency (PHEAA) is a state agency of the Commonwealth of Pennsylvania. One of its main purposes is to help Pennsylvania citizens access federal government money set aside for student loans.

Is FedLoan servicing a real company?

FedLoan Servicing is a student loan servicer for federal and private student loans operated by the Pennsylvania Higher Education Assistance Agency (PHEAA), a nonprofit providing financial aid services and administering several state grant programs.

Who took over FedLoan servicing?

MOHELA
The U.S. Department of Education (ED) has transferred the customer service of your federal student loan account from FedLoan Servicing to MOHELA, another member of ED’s federal loan servicer team. Your loans were not sold.

Will PHEAA student loans be forgiven?

Available Programs IMPORTANT UPDATE: On October 6, 2021, the U.S. Department of Education announced a change to the Public Service Loan Forgiveness (PSLF) program rules. This waiver period is temporary and will end on October 31, 2022.

Are PHEAA loans being forgiven?

What is going on with FedLoan servicing?

FedLoan Servicing Borrowers Will Still Eventually Be Transferred To New Servicers. In its statement, PHEAA confirmed that it will still be transferring borrower accounts to new loan servicers before December 2022.

Who owns FedLoan servicing?

PHEAA
As FedLoan Servicing, PHEAA provides student loan servicing for loans owned by the Department of Education. Click the link below to understand how, on behalf of the Department of Education, PHEAA collects, shares, and protects your information.

Will Pheaa student loans be forgiven?

Is FedLoan still servicing student loans?

FedLoan is expected to end all federal loan servicing after December 2022. All federal loans in the FedLoan portfolio will be split up and transferred to other servicers including EdFinancial, MOHELA, Aidvantage (formerly Navient) and Nelnet. MOHELA will take on all borrowers enrolled in PSLF.

Who took over FedLoan student loans?

All federal loans in the FedLoan portfolio will be split up and transferred to other servicers including EdFinancial, MOHELA, Aidvantage (formerly Navient) and Nelnet. MOHELA will take on all borrowers enrolled in PSLF.

Why did FedLoan stop servicing loans?

FedLoan blamed a lack of guidance from the Department of Education, and stated that it “cannot move forward” to process the updated PSLF requirements until the Department amended its servicing contract with the agency.

What company took over FedLoan servicing?

The U.S. Department of Education (ED) has transferred the customer service of your federal student loan account from FedLoan Servicing to MOHELA, another member of ED’s federal loan servicer team. Your loans were not sold.

Is PHEAA state or federal?

The Pennsylvania Higher Education Assistance Agency (PHEAA) is a quasi-governmental agency that administers several state-level and national higher education student financial aid programs….Pennsylvania Higher Education Assistance Agency.