Student Federal Loan Debt Management

Bodies involved with Student Loans:

§ US Federal Government (authorises funds for the loan programme)

§ The school (certifies student eligibility and enrolment status)

§ Lender (banks, credit unions, etc, who can fund education loans)

§ Borrower (person signing the promissory note to repay the loan)

§ Servicer (processes loans, payments and deferments)

§ Guarantor (guarantees/insures the loan)

§ Secondary Market (purchases loans from lenders)