your loan portfolio working your way through. national student loan data system
TRANSCRIPT
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????