What happens to the status of student loans if I transfer undergraduate schools?
I’m just past the school and the students have some of my previous school student loans (Sallie Mae and Federal Direct Loans). Is there a kind of hub that my new status of the application will be sent so that the credit rating not only know that I stopped going to school (and thus result in a payment on the loan before maturity)? Or should I check my current school registration and send it to each credit agency itself?
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Although most lenders find out if you transfer schools, it’s best not to wait to hear from them, as they may have you in repayment status, and if you go too long without making a payment, you’ll default which will ruin your chances of federal aid in the future.
Best thing to do is call each loan servicer, inform them that you changed educational institutions, and ask if they need you to provide anything to them to keep your loans in good standing with them.
Try this site
http://free-college-information-usa.blogspot.com/
Free College information on financial aid for students, scholarship, student loans and more.