Private College Student Loan

How do I get my federal student loans serviced by a different servicer?

The department of education keeps moving my loans from servicers I like (ex. Nelnet or acs-education) to a servicer I don’t like (myfedloan.org). Who do I need to talk to to get my loans moved to a servicer i want? I've talked to the customer service for FAFSA who don't know anything but to recommend consolidation, or to say I can't do anything. If they are the ones moving stuff around, I want them to move my loan to a servicer I want. So who do I need to talk to besides Barack Obama to get it done?

Public Comments

  1. I'm going to show you how much help I am, first of all I used to work for the federal student aid information center 18004fedaid. lol. There they only really look at the fafsa itself, and also assist you with your PIN. In terms of your loan, you are typically stuck with who is currently holding it. What you can do though is either call your servicer and ask about how you can have it moved, or you can consolidate the loan itself. Now the issue you are having is that your loan was probably private loans through private businesses. They sell the student loans like stocks and bonds, most FFELs are trying to get out of the business. Next time I highly reccomend going with Federal Direct, who is the government.
Powered by Yahoo! Answers