Are you looking for ways to improve your study habits? Do you want better grades? StudyUp can help you study smarter. You get unlimited space to upload your notes. You can use StudyUp to search for, invite, and network with your Study Buddies. Live feeds give you instant updates when Buddies add notes! Best of - it's all FREE! Sign Up Today!
- Careers in Science
- Careers in Medicine
- Careers In Nursing
- Careers in Engineering
- Careers in Accounting
- Math Online
- Math Lessons
- Student Jobs
- Student Loans
- Student Accommodation
- Student Finance
- College Students
- High School Students
- International Students
- Student Houses
Join StudyUp.com Today
It's always free and anyone can join!Watch StudyUp Demo Video Now
Direct Student Loan Servicing
Need Direct Student Loan Servicing Study Help?
StudyUp can help improve your grades by enabling you to store all of your notes online, and network with other students - all for FREE!
Kenneth Said:I rehabilitated my student loans, now they say I have more in default. What gives?
We Answered:You should contact DCS and have them send you detailed information on the loans they claim are in default. Then you should compare them to the loans that you have rehabilitated to ensure that you have not overlooked money borrowed at another time or school. If the loan(s) they are attempting to collect are the exact ones that you have rehabilitated, send them a short letter indicating that those loans have been satisfied and then ignore them.
Stephen Said:student loans & interest rates....?
We Answered:You have already consolidated each of these loans once already. You can try, but usually you can't consolidate them more than once.
Patsy Said:My student loans are now being serviced by Sallie Mae?
We Answered:Yup this is totally normal. The only thing that changes for you, is where you mail your payment to. The due date, amount, term, rate, is all the same.
Something like 80% of student loans end up at sallie mae.
Tiffany Said:Is consolidating my federal student loans with Direct Loan Servicing my best option?
We Answered:Direct Loan Servicing is definately an option for you when you are considering consolidating your Federal Student Loans. Also, yes the Federal Government are the ones who regulate the interest rate on Federal Student Loans. The interest rate is established every July 1st of the year and is regulated by the T-bill.
Keep in mind, because Direct Loan Servicing is, in essence, the Federal Government they rarely pursue someone to consolidate their Federal Student Loans since they are so overwhelmed with the process of issuing Federal Student Loans. Because of this they task other companies to deal with the consolidation volume. The other companies the Federal Government tasks to do this offer the FFELP Consolidation Loan Program which is also regulated by the Federal Government so these companies must all follow the same rules and regulations as Direct Loan Servicing.
One thing the FFELP Consolidation Loan Programs offers is additional Borrower Benefits for those who qualify. The FFELP Consolidation Loan Program companies also offer their assistance in filling out your paperwork, which can be difficult at times. For more information on borrower benefits please visit the source below.
Dave Said:How do i get my federal student aid direct loan audited?
We Answered:To dispute any federal student loan issue, you'll probably get the best results from the FSA Ombudsman's office, which is sort of like the Department of Education's version of the Better Business Bureau. You can contact them at:
U.S. Department of Education
830 First Street, NE
Washington, DC 20202-5144
Hope this helps!
Christopher S. Penn
Producer, the Financial Aid Podcast
Daily free financial aid internet radio, no iPod required
FinancialAidPodcast [at] gmail [dot] com
Rene Said:Student Loans (ICR + Consent to Disclose Tax Info)?
We Answered:Possibly, yes.
The Income Contingent Repayment Plan is designed to directly relate your monthly payment to your income (as the name suggests). The lender or loan servicing agency uses a mandatory formula to calculate your ability to pay - so, once they get an accurate picture of your actual income, it's that income that will determine your monthly payment obligation - not some other random amount that you have been paying in the past.
It's a virtual certainty that Direct Loan Services will contact the IRS for a copy of your tax transcript - after all, that's the whole point of them asking you to sign that disclosure form.
I think you're being drawn into exactly the verification mechanism that lenders use to prevent what you're trying to do - understate your income, so that you can limit your monthly loan payment. It shouldn't surprise you that lenders don't just take the borrowers word for what they can afford. I think most borrowers would tell the lender they can afford about $5.
So, yes. If you're understating income, I think the Direct Loan Services is about to find this out. Sorry for the disappointing news.
Pulau Harapan said:
undertaking work in the field associated with tourism is in desperate want excellent skills. working functionality site is extremely appropriate i think that an professional in the field of traveling.
Travel Pulau Seribu said:
executing work within the field associated with tourism is at desperate need excellent abilities. working job site is incredibly appropriate i believe that an expert in the field of vacationing.