FedLoan Service has the most extensive student loan debt range in the United States. Every year, millions of borrowers pay through Fed Loan to maintain the highest level of student loans.
Find out about the history and services of FedLoan Services below and information about potential Fed Loan Student Loan Relief Programs.
Who are FedLoans?
The Loan Service is one of the few student loan service providers approved by the Ministry of Education to process federal student loans. It was initially founded by A Fedssistance Agency (PHEAA) in Pennsylvania to help the DOE’s capability to provide such loans to the federal government.
This Servicing is among the few student loan service providers approved by the Ministry of Education to process federal student loans. Initially established by the Pennsylvania Higher Education Assistance Agency (PHEAA), it supports the US department of energy, s ability to provide such loans to the federal government.
Combined with American Education Services (AES), also operated by PHEAA, This Servicing has the most extensive federal student loan portfolio in the United States. AES assists in managing federal family education loan (FFEL) program services and private mortgages through loan partners.
Fed-Loan Servicing handles about $ 320 billion in student loans. That’s $ 1 for every $ 5 of student loan debt.
Headquartered in Harrisburg, Pennsylvania.
What Does FedLoan Do?
Fed Loan Servicing is a student loan service provider that can help borrowers get the funds they need to go to college. FedLoan currently provides various federal student loan-related services, such as consolidation, repayment plans, and student loan waiver programs.
Fed Loan also supervises all inquiries and investigations regarding the Public Service Loan Waiver Program (PSLF). This has been controversial about running the PSLF program, one of the highly popular loan licensing programs in the history of the US Department of Energy.
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FedLoan Student Loan Forgiveness Programs
A partnership between FedLoan and the Ministry of Education allows eligible borrowers to use several FedLoan student loan relief programs.
- FedLoan and Other Student Loan Discharges
- FedLoan and Total and Permanent Disability (TPD) Discharge FedLoan and Public Service Loan Forgiveness (PSLF)
- FedLoans and Teacher Loan Forgiveness
- FedLoan and Income-Driven Repayment Plans