D16 is assuming none of her loans will be forgiven.
we are all just talking here about it; and no idea what the interest rates will be since she’s had years off. (Ok, she was in grad school part of that time). We are trying to figure out what the interest rates will be. The ones at the time the loans were taken out? or the rates now that they will presumably be starting up in Sept. ?? thanks for your thoughts!
The interest rates are locked in at the time she borrowed each particular loan. She can view all of her loan information at Federal Student Aid. There is a link to click to log in.
The dept of ed was encouraging students to contact their assigned servicer to make sure all the info is up to date, figure out what payments would be, etc especially for those who hadn’t started paying yet. Many students used their college emails and those may have changed after graduation.
Yes, unreported address & email changes are a problem. If a servicer can’t get in touch, the risk of default rises.
Unfortunately, several loan servicers stopped servicing federal loans during the payment stop. Borrowers may not know who their servicer is. Checking the federal database through the link I posted will allow borrowers to see their most current information associated with their loans.