It’s Nelnet that is possible owns student loan(s). Nonetheless, we additionally behave as an education loan servicer — in other terms, we offer customer support with respect to numerous loan providers therefore the U.S. Department of Education (ED). Get information on all your student that is federal loan) with Nelnet as well as other loan holders and servicers online through ED’s National education loan information System (NSLDS) at nslds. Ed.gov. You shall need certainly to develop a FSA ID to own access to ED’s on line systems run by its workplace of Federal scholar help.
Just how do we produce an FSA ID?
You could currently have an FSA ID from the time you requested educational funding being a pupil; see fsaid.gov that is. Ed find or produce one.
What’s the difference involving the William D. Ford Direct Loan Program (Direct) therefore the Federal Family Education Loan Program (FFELP)?
Generally speaking, loans during these programs have the exact same terms and conditions. There are many distinctions, including available payment plans, debtor advantages (for instance, mortgage loan decrease in making on-time re re payments), loan forgiveness programs, and rates of interest. The main distinction between the 2 loan programs is the fact that U.S. Department of Education funds loans underneath the Direct Loan Program, and personal lending institutions funded loans underneath the FFELP. There are numerous FFELP loans in presence, but since July 2010, no new FFELP loans are now being made.