Please Contact one of our agents for information that may help you lower your payments, obtain available loan forgiveness, and avoid or get out of default – garnishment with your student loan. Our trained and certified NSSC agents are standing by ready to help you with student loan.
National Student Services Center “NSSC”, is an organization that focuses on assisting families with identifying the available federal programs and helping to prepare documents for the best qualifying programs available. NSSC is an Accredited Service Center which assists in preparing government applications of income driven repayment plans for Federal Student Loans.
National Student Services Center “NSSC”, is an organization that focuses on assisting families with identifying the available federal programs and helping to prepare documents for the best qualifying programs available. NSSC is an Accredited Service Center which assists in preparing government applications of income driven repayment plans for Federal Student Loans. Our certified agents will help determine your current financial situation and eligibility for programs that are designed to lower your student debt which is determined by the Department of Education, based on key information
We gather all necessary information from you and enter it into our prequalification system in order to determine which programs you qualify for. We will also Identify and discuss with you which program maximizes your savings. Any individual can qualify for any number of programs available through the department of education. It’s important to choose the right program, based on your current financial situation and future plans.
Our agents explain, in detail, each qualifying program’s advantages and disadvantages, in order to help you decide which program is best suited for you. We then assure that the appropriate steps needed to move forward are taken. If you choose National Student Services Center for your student loan services, we handle the documentation preparation process from start to finish. Our experts will determine, gather and fully prepare all documentation needed to qualify you for the program chosen.
The documentation is then sent to you, simply for your signature and approval, and then sent to the servicer. Once the servicer has received your paperwork, it takes roughly 45-90 days for the consolidation to be finalized. You may also choose to complete the application process on your own without the help of National Student Servicing as the programs are available directly through the Department of Education. FAQs What are Federal Student Loans? Federal student loans are loans that are guaranteed by the Federal Government. Federal Student Loans were established in 1965 pursuant to The Higher Education Act (HEA). Federal student loans are available to students to help pay for their education. Federal student loans often have lower, fixed interest rates, generous repayment plans, no prepayment penalties and in some cases can be obtained without a credit check. Private loans are offered by private lenders and not gauranteed by goverment. In most cases private loans carry higher interest rates and are more expensive than federal loans.
What is The Higher Education Act The Higher Education Act (HEA) is the federal law that governs the administration of federal student aid programs. The HEA was originally passed in 1965 and signed into law by President Lyndon B. Johnson. To encourage growth and change, it must be re-approved, or “reauthorized,” by Congress approximately every five years. In addition to major reauthorization bills, Congress also considers many bills that may directly or indirectly impact the HEA. What are the different types of Student Loans? Examples of Federal Loans: Direct Subsidized Stafford Loans, Direct Unsubsidized Stafford Loans, Direct Plus Loans, Direct Plus Unsubsidized Consolidation Loan, Subsidized Federal Stafford Loans, formally Guaranteed Student Loans (GSL), Unsubsidized and Nonsubsidized Federal Stafford Loans, Federal Nursing Loans, Federal Perkins Loans, Federal Parent Plus Loans, Subsidized and Unsubsidized Federal Consolidation Loans, Federal Supplemental Loans for Students. If your financial organization provides loans backed by the federal government, they are likely participating in the FFEL program.
What are Federal Stafford Loans There are two different types of Federal Stafford Loans, subsidized and unsubsidized. Subsidized Stafford Loans are awarded based on financial need. You will not be charged interest before you begin repayment or during periods of deferment. The federal government “subsidizes” the interest during these times. Unsubsidized Stafford Loans are not awarded based on financial needs. Any eligible student can take out unsubsidized Stafford Loans. You will be charged interest from the time the loan is disbursed, to the time the loan is repaid in full. What is a FFEL? Federal Family Education Loan (FFEL) allows borrowers consolidate several loans with various repayment schedules into one loan. As a result there will be just one monthly payment.
Credit bureaus will be notified that your account has a zero balance. You will sign a new promissory note with a new interest rate and repayment schedule. To qualify you must first be in “repayment” status on your defaulted loan. The most-discussed problem with federal student loans is that some people borrow more than they ultimately can repay. The Obama administration is trying to fix that. Another problem, paradoxically, is that students cannot borrow enough. To understand how this is a problem, remember that the federal government is not the only supplier of student loans. Banks and other lenders offer so-called private loans, which often have higher interest rates and less flexible repayment terms. *Disclaimer: National Student Servicing is a private organization and is not a government entity. National Student Services Center is not affiliated in any way with any federal or state government entity or agency.
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