On top of already high numbers, student loan debt is a sticky kind of debt…
as in it stays with the borrower or cosigner no matter what.
If you and your loan servicer disagree about the balance or status of your loan, follow these steps to resolve your disputes:1.
Solve the Issue with Your Loan Servicer You may be able to solve a dispute by simply contacting your loan servicer and discussing the issue.
In addition, if you plan to go back to school, you will not be able to access further federal financial aid until you have gotten your loans out of default.
Under the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loan.
Loans that are not eligible for consolidation include state or private loans that are not federally guaranteed.
The FSA Ombudsman works with student loan borrowers to informally resolve loan disputes and problems.
You can request help online or call 1-877-557-2575.