Archive for the 'does cashnetusa affect credit' Category
7 Myths and Factual Statements About Federal Student Education Loans
In the long-run if you have federal student loans, demystifying their common myths can help you. Is it possible to myth that is separate reality?
MYTH Great Lakes owns my figuratively speaking.
FACT Lenders, such as the U.S. Department of Education or banking institutions, have your loan.
- Element of what we do is:
- Track your school status and enrollment while you are in college.
- Accept and process your loan re payments with respect to the lending company.
- Help you as you repay your loans.
- Help keep you up-to-date with information regarding your student education loans.
- Originate and program your federal direct consolidation loans, as requested.
MYTH Great Lakes controls my education loan rate of interest and earnings through the interest.
- The interest is determined by the Higher Education Act as enacted and amended by Congress for federal student loans. Interest paid on federal loans either would go to the U.S. National (for Direct loans) or the specific loan provider (for Federal Family Education Loans). Additionally, as a whole, loan owners control any price reductions you might get for making use of a digital repayment technique. Read more