Recent media coverage, court cases, and legislative proposals paint a very misleading picture of student loans. However, independent, federal regulatory data clearly tells a different story.
Servicers have a unique role to play in the federal student loan program as the government’s loan program has grown over time.
This fact sheet gives a high level overview of who servicers are, and their success in driving utilization of income-based repayment plans.
Primer on the Types of Federal Student Loans
Confused about which type of federal student loan you have? This primer will help you figure it out, including the loan repayment plans that loans in each program are eligible for.
Federal law establishes the precedent for the federal Department of Education’s (ED) management and oversight of the federal student loan programs, and federal preemption of any conflicting regulations at the state level.
The vast majority of borrowers are managing their student loans successfully. Student loan servicers are on the front lines helping. Check out our Fact Sheet to learn more.