Key 2 - Default Prevention
This key is to inform about loan default prevention. Critical information such as knowing who services your student loan, knowing how much you owe and requesting in-school deferments are useful in keeping current with student loans.
Know who services your loan / how much you owe:
National Student Loan Database (NSLDS)
Web site: www.NSLDS.ed.gov
Contacts for your federal student loan servicers:
Nelnet - Dept of ED / Nelnet
Web site: http://www.nelnet.com/
FedLoan Servicing (PHEAA) - Dept of ED / FedLoan Servicing (PHEAA)
Web site: http://www.myfedloan.org/
Great Lakes Educational Loan Services - Dept of ED / Great Lakes
Web site: https://www.mygreatlakes.org/
Web site: https://www.salliemae.com/
Direct Loan Servicing Center
Web site: https://www.dl.ed.gov/borrower/BorrowerWelcomePage.jsp
In school deferments allow you to temporarily delay payments on your student loans while you are in school. Your "in-school" status is triggered by enrolling at least half time in an eligible institution. To begin an in-school deferment, you must submit a request through your servicer.
Your deferment will last as long as you meet the requirements. Once you fall below half time enrollment (or reach your expected graduation date) your deferment should end.
To apply for an in-school deferment, visit your servicer's Web site (see above) and download an in-school deferment form, complete student's section and deliver to Cox College Office of Financial Aid for completion and documentation. Cox College will fax your request to your servicer.