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The U.S. Department of Education is the education loan loan provider if you received

The U.S. Department of Education is the education loan loan provider if you received

Federal Direct Figuratively Speaking while going to NYIT. In the event that you received loans through the FFEL Program (through an area loan provider or servicer), odds are they have or will actually sell your student education loans towards the U.S. Department of Education.

Under conditions for the Ensuring Continued use of Student Loans Act, loan providers have the option to “PUT” (offer) loans to your U.S. Department of Education (DOE). Lenders must notify borrowers if their loans have now been sold towards the Department of Education.

Lenders That Sold Student Loan Portfolios to the Department of Education

  • Chase
  • Citibank
  • Edamerica
  • Key Bank
  • Total Advanced Schooling (THE)
  • Wachovia Education Finance
  • Wells Fargo
  • All Sallie Mae loan providers

You shall manage to check if your loan happens to be obsessed about the National scholar Loan information System.

To learn more, contact the Department of Education’s Loan Servicing Center, 8 a.m.

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