3 ms·
The Department of Education sold my loan to a private company within a year or so of graduation. No rate change or anything, I just started logging in on a diff
by jff 11y ago
The Department of Education sold my loan to a private company within a year or so of graduation. No rate change or anything, I just started logging in on a different web site to pay. Same thing with my wife and with many people I know.
- tropo 11y agoThis is terrifying. Did you get registered mail at least? Did the old web site tell you where to go? If you don't believe the notice you are given, you fail to pay. If you do believe whatever notice you get, you are vulnerable to fraud.
- suninwinter 11y agoMy mortgage has been sold at least 4 times since I got it about 3 years ago. Each time, I get a letter from the old company and the new company. Hopefully, that's what happened here.
- hdctambien 11y agoMy understanding is that the Department of Education was never servicing your load, they contract that out from the beginning. If your load gets transferred. It happens because one of their contractors "goes away" and all the loans that contractor was servicing need to be transferred to another contractor. I wouldn't buzz in on Jeopardy with that answer, though.