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How do I distinguish between the lender, loan holder and servicer?

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How do I distinguish between the lender, loan holder and servicer?

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The lender is the bank or lending institution from which you borrowed. The loan holder is the organization that currently owns your loan. The servicer is the agency employed by the lender/loan holder to service the loans; servicing includes billing, collecting payments, processing requests for deferment, forbearance, cancellation, and answering your inquiries. Once in repayment, you generally contact the servicer of your loan. What is the difference between a deferment and a forbearance on my Federal loans? During periods of deferment and forbearance, your loan repayments are suspended. The difference between the two with respect to your Federal loans is in the interest accrual. Federal Subsidized Stafford and Federal Direct Subsidized Stafford Loans do not accrue interest while the student is in school, during the grace period and during periods of deferment. During periods of forbearance, interest is always charged. What is the Income Based Repayment Option? The income based repaymen

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