MyFedLoan Review: Managing Your Student Loan Repayment
MyFedLoan might not be your federal loan servicer anymore — or for much longer. FedLoan Servicing, which operates the MyFedLoan online platform, is due to stop managing federal loan accounts when its contract with the Department of Education expires in December 2022.
Whether your federal loans have already been transferred away from MyFedLoan or soon will be, it’s imperative to stay on top of changes to your servicer. It’s the company that can help — or, unfortunately, harm — your chances of successfully navigating repayment.
Here’s our MyFedLoan review: everything you need to know about this outgoing servicer, when your account may be transferred and what options you have to manage your debt, both now and in the future.
(Note that the situation for student loan...