Typically, Foundation people worked with the brand new U.S. Agency out of Training (DOE) to find a federal student loan. They borrowed for university, now it’s time to repay the bill.
Individuals pay-off those federal student loans by delivering costs to Foundation. For those who find issues and make repayments or if you must availableness the advantages that are included with government figuratively speaking (particularly disability discharge, income-determined repayment arrangements, or equilibrium forgiveness), it is possible to send your own done variations to help you Foundation first off the applying procedure.
When you borrow cash via a federal student loan, you do not get to choose your loan servicer – this new DOE makes you to one for you – if your mortgage is actually taken to Foundation, there’s a lot becoming delighted regarding.
Once more, Foundation even offers financing cost arrangements; the company doesn’t framework otherwise make education loan software. When you’re let down together with your loan fine print, or you might be selecting an educated student loan offer, this might never be the right business for your requirements.
In case the federal student loan try serviced by the Cornerstone, their framework will be a little of use because you work to repay that which you has actually lent and you may your debts.
CornerStone executives focus on student loan borrowers. The company’s mission is to guide students through the student loan process, so they can make wise decisions about how much to borrow. They also hope to help students take advantage of the protections that come with federal student loans.
You can’t apply for a foundation education loan, given that business does not originate finance for college students and their household. Nevertheless, you’ll be able to actually have a cornerstone financing and never know it.
Foundation highlights the DOE https://usaloancashs.com/personal-loans-me/ assigns a loan servicer when the initial disbursement is sent to the college or university. Typically, you happen to be informed from the step from the send. If you find yourself still in school but being unsure of just who your loan servicer was, someone regarding the school’s educational funding place of work may help.
If you’ve graduated from school and need to pay back your balance, CornerStone should send statements by mail. If you don’t see them and you’re not sure what should happen next, contact CornerStone.