FedLoan Servicing has announced that it will stop servicing federal student loans when its current contract ends.
In the coming months, we will be working with Federal Student Aid (FSA) to conduct a smooth transition of your loans to a different servicer over the next year. FedLoan Servicing will continue to service all loans until they are transferred to another FSA-designated servicer. Please note that this change will not affect the existing terms, programs, or available repayment plans on your loans nor will it affect the temporary suspension of payments and 0% interest benefits applied for the COVID-19 emergency.
Communications will be sent as more details become known. You can also visit StudentAid.gov/fedloan for the latest updates and information on loan transfers.
Official Servicer of Federal Student Aid
FedLoan Servicing is a Servicer to Federal Student Aid