Will my Aidvantage loan be forgiven?
Aidvantage student loans are eligible for the following student loan forgiveness programs: Income-driven repayment forgiveness: extends your repayment term to 20 or 25 years and forgives the remaining loan balance after your last payment.
Do I have an outstanding student loan?
The Federal Student Aid website, which is managed by the Department of Education, shows you how much you owe in federal student loans. Your Federal Student Aid dashboard will show your loan’s original amount, current student loan balance, interest and payment status. It also tells you who your loan servicer is now.
Is Aidvantage still Navient?
Did Navient become Aidvantage? No. At the end of 2021, Navient transferred its caseload of 5.6 billion in student loans to Maximus, another federal student loan contractor. Maximus is operating its student loan servicing under the name Aidvantage.
Why are my loans moving from Navient to Aidvantage?
What’s changing? Navient asked to end their contract to service federal student loans this year. The contract will run until December 2023, but the company is already transferring its loans to a new company — Aidvantage, which is the loan servicing division of a company called Maximus.
How do I find out how much I owe on my defaulted student loans?
Log in to studentaid.gov. All federal student loan borrowers have a My Federal Student Aid account they can access with their FSA ID. Sign in to your account, select a loan and look at its repayment status to see if it’s listed as in default. Your account also includes information about your servicer, if you need it.
Why did my loan move from Navient to Aidvantage?
Navient asked to end their contract to service federal student loans this year. The contract will run until December 2023, but the company is already transferring its loans to a new company — Aidvantage, which is the loan servicing division of a company called Maximus.
Where did my Navient student loans go?
But your student loans aren’t actually gone — they moved to a new loan servicer. In 2021, Navient exited the federal student loan servicing industry, transferring its caseload of 5.6 million student loans to Aidvantage, which is owned by student loan giant Maximus.
How do I check my student loan payment history?
You can view your NSLDS information by logging into studentaid.gov. Your profile will provide personalized information like your federal student loan balance, disbursement dates and contact information. You can also view information on your federal loan servicer(s).