Partner with your loan servicerBy : Kim Murphy | April 7, 2014
April is National Financial Literacy month- a month devoted to helping all Americans learn more about healthy financial habits. At University of Phoenix we are committed to responsible student loan borrowing and that is why our focus for this month will be on student loans and developing healthy habits to manage student loans.
Yes your loan servicer is who you pay your student loans to, but that’s not all they do. Get in contact with your loan servicer so they can provide individualized attention to your specific financial picture. Staying in touch with your servicer ensures you receive important information before, during and after loan repayment.
Students often feel like they are stuck in the payment plan they are in. That’s not necessarily the case. Your servicer can provide you with helpful tips to help you stay on track with your loans, as well as provide options if you need to reduce or postpone payments.
If you’re not sure who services your loans, be sure to visit www.nslds.ed.gov to get information about who services your loans and how to reach them.
Consider creating an online account with your servicer now so you always know how to reach them. Once your account is created, take some time to check out their website.