Get 2010-2011 Subunsub Loan Request Form

First, ACS got acquired by Conduent. Then, on September 1, 2019, it ceased all its student loan services. The pending accounts were transferred to other loan servicers, such as: Aspire Resources Inc.

Although both types of loans have to be paid back with interest, the government makes some of the interest payments on subsidized loans. Loan limits are different for undergraduate versus graduate students. Interest rates for federal student loans are generally lower than for private loans.

The FFEL Program ended July 1, 2010. But you may still have a FFEL Program loan if you were attending school before that date. Some FFEL Program loans are held by ED, but most are held by a guaranty agency or a commercial lender.

Direct Subsidized Loans: You won't be charged interest while you're enrolled in school or during your six-month grace period. Direct Unsubsidized Loans: Interest starts accumulating from the date of your first loan disbursement (when you receive the funds from your school).

You'll also be eligible for student loan forgiveness on any remaining balance after the repayment period ends. This is usually after 20–25 years. Both direct subsidized and unsubsidized loans are eligible for any of the four IDR plans.

Since all ACS loans were transferred to new loan servicers, your repayment plan no longer lies with them. However, you can continue making monthly payments as you used to, with minimal changes to the terms and repayment plan.

Student loans disappear from credit reports 7.5 years from the date they are paid in full, charged-off, or entered default. Education debt can reappear if you dig out of default with consolidation or loan rehabilitation. Student loans can have an outsized impact on your credit score.

In a pair of recent cases, the U.S. Supreme Court ruled on the Biden administration's student loan forgiveness program. In Biden v. Nebraska, which was decided 6-3, the court struck down the administration's student loan forgiveness program and agreed with the six challenging states that they had standing to sue.