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Federal Loan Servicer Preparation and Notification to Borrowers

Federal Loan Servicer Preparation and Notification to Borrowers

Since the amended legislation particularly provides that the latest interest determinations apply “retroactively” to July 1, 2015, Federal Student help is using the services of our federal loan servicers to make sure that: (1) they’ve been willing to implement the newest prices for new Direct Loans they get; (2) they reset rates of interest for several loans first disbursed on or after July 1, 2015 they notify all affected borrowers of the interest rate change that they have already received for servicing; and (3. Continue reading “Federal Loan Servicer Preparation and Notification to Borrowers”