Best Phone Number and Hours for FedLoan Servicing Consolidation 2022
Phone Number and Hours for FedLoan Servicing Consolidation. The federal student loans are originated by the Department of Education, commonly abbreviated as ED. In fact, it does not collect student loan payments directly. When it disburses your federal student loan, this department assigns you a loan servicer. FedLoan Servicing is one of the most popular federal student loan servicers. As opposed to the Department of Education, it will be responsible for paying back student loans.
Regarding FedLoan Servicing, there is a concept known as consolidation. From the Loan Basics menu on the official FedLoan website at myfedloan.org, you can access information about consolidation.
Consolidation or a Direct Consolidation Loan enables you to consolidate multiple federal loans into a single loan. If you believe consolidation is the best option for you, you can submit an online application at https://studentaid.gov/app/launchConsolidation.action. Notably, if you are interested in Public Service Loan Forgiveness, you must indicate your interest on the application.
Some individuals could benefit from consolidation. It is not, however, for everyone. Before deciding to consolidate your loans, you are encouraged to obtain all relevant information. In addition, it is essential that you calculate the benefits and drawbacks prior to submitting a consolidation application. The possible benefits of consolidation include:
- With one servicer and one monthly payment, you will be able to manage your federal student loan debt. Compared to offering multiple services, clearly provides greater convenience.
- When submitting an electronic application, you have the option of selecting the federal loan servicer who will manage your Direct Consolidation Loan.
- It is possible to obtain lower monthly payments by extending the loan repayment period.
- Consolidation converts variable interest rates on variable-rate loans into fixed interest rates.
- It is possible for consolidation to qualify loans for certain repayment and forgiveness programs that are exclusive to Federal Direct Loans. These programs include Pay As You Earn (PAYE), Revised Pay As You Earn (REPAYE), Income-Contingent Repayment (ICR), and the Public Service Loan Forgiveness (PSLF) program.
If the above information about the FedLoan Servicing consolidation is insufficient or unclear and you have a question, you are encouraged to contact FedLoan Servicing by phone. You can also dial the number if you’re experiencing difficulties with consolidation. It is recommended to call the phone number because you will receive a prompt and direct response. 1-800-699-2908 is the phone number to dial if you have questions regarding consolidation.
Where can the number be dialed? The above FedLoan Servicing phone number is accessible Monday through Friday between 8:00 AM and 9:00 PM (ET). Since it is a free-of-charge number, feel free to dial it at the specified time. When calling the number, be sure to clearly describe the problem you are experiencing or the question you wish to ask so that they can assist you in locating the appropriate solution. You should prepare a note in the event that you need to jot something down.
Actually, this is not the only FedLoan Servicing phone number you can dial if you have a consolidation-related question. In addition to this number, there are two others. The following number is 717-720-1985. This is for those who are currently located outside the United States. Similar to the previous one, this one is available Monday through Friday from 8:00 AM to 9:00 PM ET.
In addition to these two, there is a third, designated by the number 711. This is support for callers with hearing or speech impairments. Monday through Friday, 8:00 AM to 9:00 PM, you can call this number if you have hearing or speech problems (ET).
There are alternatives for you if you lack the confidence to speak with someone directly, even over the phone. Among them is sending an email. To protect your privacy and provide answers to certain account-related questions, you must sign in to your account before you can send secure email. Visit https://accountaccess.myfedloan.org/contactUs/index.cfm?event=sendUsAnEmail to send us an email.
In addition to sending an email, you may also fax 717-720-1628. If you must return the documentation via fax, be sure to include either your Social Security Number (SSN) or account number to expedite the processing of your request.
Sending mail is an alternative to calling the phone number. The mailing address for consolidation-related correspondence is FedLoan Consolidation Department, P.O. Box 69186, Harrisburg, Pennsylvania 17106-9186. As there are multiple mailing addresses associated with FedLoan Servicing, please avoid confusion and use only the one for consolidation.
Actually, there is an additional method you can use to learn more about FedLoan Servicing consolidation. While the ones listed above are official, you can also visit community-run communities and forums. Since the majority of them are available online, you should have no trouble locating them.
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