Is ACS a federal loan servicer?

ACS operated as the sole servicer for all the student loans made directly by the federal government until 2009. This means that the first wave of borrowers who should have been eligible for PSLF—but were denied—all had their loans serviced by ACS at some point during repayment.

What is ACS Navient?

Conduent Education Services (formerly ACS Education Services) was a student loan company that serviced campus-based, private, and federal student loans. It shut down on September 1, 2019, and all its loans were then transferred to other loan servicers.

How can I tell if my loans are private or federal?

The best way of determining whether loans are federal or private is to log in to the National Student Loan Database, at www.nslds.ed.gov. The Department of Ed. makes it clear that only individual borrowers are allowed to log into this site, not third party companies or financial advisors.

What is a federal loan servicer?

A federal loan servicer is a company the U.S. Department of Education assigns to handle the billing and other services on a federal student loan. The loan servicer works with the borrower on repayment options and other tasks related to federal student loans.

Is nelnet still a federal loan servicer?

Nelnet is a federal student loan servicer working on behalf of the U.S. Department of Education, the government agency that lends you or your child student loans. A loan servicer acts as the customer service provider for the loans that the Department of Education lends to borrowers.

Are ACS student loans Federal?

Conduent Education Services, formerly known as ACS Education Services, was a company that serviced private, campus-based and federal student loans. It closed on Sept. 1, 2019, and transferred its loans to other servicers.

How do I know if my Navient student loan is federal or private?

But if you’re still unsure about whether your student loan is federal or private, the best way to find out is by logging in to studentaid.gov with your FSA ID. All federal loan information is housed there. If you don’t find your loan information through studentaid.gov, you have a private student loan.

Is Navient a federal loan servicer?

Navient is a federal student loan servicer for loans owned by the U.S. Department of Education and guaranty agencies like Ascendium. It also services private student loans made by various lenders.

Is an unsubsidized loan a federal loan?

Direct Subsidized Loans and Direct Unsubsidized Loans are federal student loans offered by the U.S. Department of Education (ED) to help eligible students cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school.