To find out who your loan servicer is,
- visit your account dashboard, find the “My Aid” section, and select “View loan servicer details,” or.
- call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243.
Are my parents responsible for my student loans?
Parents are not held responsible for repaying any of these federal student loans, only the student is. Parents are also not required or allowed to cosign on federal student loans for their child.
How do I find my student loan debt collector?
👉 For more insights, check out this resource.
To determine the collection agency assigned to your defaulted loan, contact the current holder (the lender with which you have an account and to which you owe a debt). The U.S. Department of Education contracts with several collection agencies to collect on defaulted loans.
How can I tell if my student loan is federal or private?
The best way of determining whether loans are federal or private is to log in to the National Student Loan Database, at The Department of Ed. makes it clear that only individual borrowers are allowed to log into this site, not third party companies or financial advisors.
👉 Discover more in this in-depth guide.
Who is responsible for repaying a student loan?
In the eyes of a private lender, both the borrower and the co-signer are equally responsible to repay a student loan.
Where do student loans go on a credit report?
These student loans won’t be listed on your spouse’s credit report. The exception to this is if you and your spouse have any shared loans or accounts, including co-signed student loans. In this case, these jointly owned debts will be listed on both of your credit reports, along with payments on these loans.
What do you need to know about student loans?
Outside of concrete concerns about student loans and marriage, you and your partner will also need to deal with how debt affects your partnership. First, do a full review of this debt together: List out the balances, types of student loans, interest rates, and monthly costs.
What to do if you are a cosigner on a student loan?
A student loan cosigner unwilling to repay this debt should try to remove themselves from the loan before there are ever issues with repayment. They can refinance student loans with a cosigner to be solely in the primary borrower’s name or work on getting a cosigner release.
