Just FYI. I can only tell you what my loan stated. It is very clear in my promissory note in the Borrower’s Rights and Responsibilities Statement that Direct Loans are made by the U.S. Department of Education. We contract with servicers to process Direct Loan payments, deferment and forbearance requests, and other transactions, and to answer questions about Direct Loans. We will provide you with information about how to contact us or our servicers after your school notifies us that the first disbursement of your loan has been made. It is important to keep in contact with your servicer. If we transfer one or all of your loans to a new servicer, we will notify you of who your new servicer is, how to contact your new servicer, and when your loans will be transferred. A transfer of the servicing of your loan does not affect any of your rights and responsibilities under that loan. You can find the name of your servicer in the National Student Loan Data System (NSLDS) (see BRR Item 19).
IMHO....They have the right to transfer your loan to another entity.
Thank you again for your labor on that first template and Happy Aries season, fellow Aries! Can we get another template going? Or get on with a class action lawsuit?
Omg, ridiculous! Please PLEASE create another template for this breach of contract.
Ditto!
Does that mean we can declare bankruptcy?
If you want to...
Now this is the question I need to hear a response to 🤔
Yeah I’m not a small business. And my degrees weren’t near business either. This is ridiculous.
Please provide another template! I sent off the first one.
I’d love another template! This is bananas but I hope we find a way toward dismissal for loans. In the meantime the changes to K-12? I can’t 😔
Just FYI. I can only tell you what my loan stated. It is very clear in my promissory note in the Borrower’s Rights and Responsibilities Statement that Direct Loans are made by the U.S. Department of Education. We contract with servicers to process Direct Loan payments, deferment and forbearance requests, and other transactions, and to answer questions about Direct Loans. We will provide you with information about how to contact us or our servicers after your school notifies us that the first disbursement of your loan has been made. It is important to keep in contact with your servicer. If we transfer one or all of your loans to a new servicer, we will notify you of who your new servicer is, how to contact your new servicer, and when your loans will be transferred. A transfer of the servicing of your loan does not affect any of your rights and responsibilities under that loan. You can find the name of your servicer in the National Student Loan Data System (NSLDS) (see BRR Item 19).
IMHO....They have the right to transfer your loan to another entity.
Thank you again for your labor on that first template and Happy Aries season, fellow Aries! Can we get another template going? Or get on with a class action lawsuit?
This is a serious offense. Do you know of any class-action lawsuits in the works?
My class action lawsuit is in the link in my bio and in my Stan Store
Fantastic. So the initial form is to be used in the class-action or do we have the option to sign up for the lawsuit only? Thanks!
I love love love that closing line! Chef's kiss
So is it going to the SBA or the Treasury Department? Yesterday they said the loans are going to to treasury department.
I have to go check
We definitely need another template!
Templates are here... https://stan.store/ScholarshipCollegeMama
Thank you so much! Between my next sessions I'll run and grab my debit card and get those. I'm excited to look them over and see what the next step.
Template please
In my STan Store!
Thanks
Thanks for the info🖤