Student Loan balance went to 0...not paid by me

[dukebound85]

Originally Posted by fr4c

Weird, if your loans were transferred you should have received an letter before it even happens letting you know where it was being transferred to. In my case it was to MOHELA, and I received an letter from both parties a few months prior regarding the change.

Anyways, just finished paying off my loans this month, and it's a big relief. Good luck!

I just got my letters saying it was switched yesterday, well after the fact.

Glad I have it figured out, not pleased with how it came about though as they kind of leave you in the dark.

[fr4c]

Originally Posted by dukebound85

I just got my letters saying it was switched yesterday, well after the fact.

Glad I have it figured out, not pleased with how it came about though as they kind of leave you in the dark.

Totally agree. Did you end up with MOHELA? They were pretty decent in my experience from dealing with them, but then I'm sure they didn't mind the final $9000 lump sum payment I paid over the phone.

[dukebound85]

Originally Posted by fr4c

Totally agree. Did you end up with MOHELA? They were pretty decent in my experience from dealing with them, but then I'm sure they didn't mind the final $9000 lump sum payment I paid over the phone.

nope, it went to fedloans

I actually prefer it as now I can pay loans off on an individual basis if I were so inclined. Couldn't do that before.

[gsugolfer]

Originally Posted by fr4c

Totally agree. Did you end up with MOHELA? They were pretty decent in my experience from dealing with them, but then I'm sure they didn't mind the final $9000 lump sum payment I paid over the phone.

Actually, they probably didn't like it much. They just service the loan.

Since you paid it, they lose the servicing fee.

[einmusiker]

Originally Posted by dukebound85

nope, it went to fedloans

I actually prefer it as now I can pay loans off on an individual basis if I were so inclined. Couldn't do that before.

How was the transition? Mine went to edfinancial and thankfully everything went smoothly. I've heard mohela had major problems with changing people's payment amounts and interest rates and making them reapply for for automatic payment withdrawal. I was very relieved that I wasn't stuck with them

[dukebound85]

Originally Posted by einmusiker

How was the transition? Mine went to edfinancial and thankfully everything went smoothly. I've heard mohela had major problems with changing people's payment amounts and interest rates and making them reapply for for automatic payment withdrawal. I was very relieved that I wasn't stuck with them

It was smooth. Everything carried over as it should be (to my knowledge) Due dates the same, same interest, same balance, etc

[brop52]

Originally Posted by dukebound85

nope, it went to fedloans

I actually prefer it as now I can pay loans off on an individual basis if I were so inclined. Couldn't do that before.

It usually goes to fedloans automatically if you submit a PSLF certification. Happened to me a year ago.

My wife is in IBR and was previously on myedaccount like I was originally but seems like it was moved elsewhere. I also mailed them her copy of her SSN card to change the loan from her maiden name. That didn't happen. Haven't received a letter yet who is servicing now.

[brop52]

An update: Just received a letter from Aspire Resources Inc who now service the account for my wife.