11.16.09 | Who is my Stafford Loan Lender?
I actually hear this question quite often, and in the interest of full disclosure I must admit that I didn’t know who my lender was when I took out my Stafford loan either. Truthfully, you don’t really need to know unless their is a problem with the funds getting sent to your school. But if repayment is now upon you it would certainly be beneficial to know who holds the note on your loan and ensure they have your updated address on file. You don’t want to be delinquent with your first payment.
How to find out who your lender is…
1. Ask your Financial Aid Office. They have a record of who your lender or lenders were.
2. Contact the Department of Education. You can either contact them at 800-433-3243 and request to speak with the borrower tracking department or visit the DOE online with your four digit FAFSA pin number.
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