August 30th 2010 05:37 am
What happens to the status of student loans if I transfer undergraduate schools?
I just transferred undergraduate schools and still have some student loans from my previous school (Sallie Mae and Federal Direct loans). Is there some sort of clearing house that my new enrollment status will be sent to so that the loan agencies know that I haven’t just stopped going to school (and thus cause my loan payments to become due)? Or must I obtain enrollment verification from my current school and send it to each loan agency myself?
Top Related Sites
- A Look Into Payday Loan Collection Agencies And How You Can Stop Harassment | Payday Loan Debt Help Blog
- Pertinent Details About Secured Loans Online, Quick Application, Fast Acceptance and Payout | Small Business Loan
- General Procedure of Availing a Car Loan | auto car loan
Mail this post
Tags: clearing house, current school, enrollment status, enrollment verification, federal direct loans, loan agencies, loan agency, loan payments, mae, previous school, student loans, undergraduate schools
1 Comment »
sue on 30 Aug 2010 at 5:37 am #
Although most lenders find out if you transfer schools, it’s best not to wait to hear from them, as they may have you in repayment status, and if you go too long without making a payment, you’ll default which will ruin your chances of federal aid in the future.
Best thing to do is call each loan servicer, inform them that you changed educational institutions, and ask if they need you to provide anything to them to keep your loans in good standing with them.
Try this site
http://free-college-information-usa.blogspot.com/
Free College information on financial aid for students, scholarship, student loans and more.