The U.S. Department of Education issues student loans but contracts servicers to manage the loan. One of the biggest servicers, and most well known right now is FedLoan Servicing. FedLoan Servicing actually handles most of the PSLF programs with employment verification only going through them. The good thing about FedLoan Servicing is you don’t have to be pre-apply for forgiveness programs to decrease your student debt. Most borrowers can apply right now with their current loan situation, and if you have multiple companies servicing your loans, we can help you apply for Direct Loan Consolidation which immediately allows you to apply for forgiveness programs through FedLoan Servicing.

If you have FedLoan student loans, here’s what you need to know.

FedLoan Servicing review: The basics

FedLoan servicing is one of only a couple organizations that is approved by the Department of Education to handle the administration and operation of federal student loans. Originally it was established by the PHEAA (Pennsylvania Higher Education Assistance Agency) to service such loans, but now service loans across the country.

Truthfully a lot of people don’t even know they have FedLoan as their servicer. Some people were given them as their original loan servicer, while other loans were bought and transferred to FedLoan, often times unbeknownst to the borrower. You may even have multiple servicers without realizing it with one being FedLoan. The best way to check who and how many servicers are in control of your loan is to look up your federal student loans and view their status on the National Student Loan Data System.

How to consolidate your FedLoan Servicing account

When consolidating student loans you won’t actually be doing this through FedLoan Servicing. Alliance Loan Support has loan specialists that help you navigate the application and paperwork needed to complete the process with the Department of Education. Direct Consolidation Loans can really help those that have an unaffordable FedLoan payment and we make the process for applying as simple as can be.

It is tough to trust any servicer to act in your (the borrowers) best interest as most of these forgiveness programs resolve you a big portion of your debt obligation. Which is why it is always best to consult a 3rd party that can advise you according to your situation with no special interest in keeping you in expensive monthly programs.

Alliance Loan Support has worked with and has extensive knowledge on FedLoan Servicing student loans. Are experts can walk you through the consolidation process and help you qualify for the best forgiveness programs for your situation. Consolidating multiple federal loans into one loan and one payment makes paying off the entire debt much easier! And a large percentage of FedLoan borrowers actually qualify for lower payments based on certain factors like income, family size, and occupation.