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USA Funds launches online student loan management resource

on Friday,April 03,2009 22:04

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College students have a new way to organize their loans and resolve repayment issues thanks to an online tool unveiled by USA Funds, a nonprofit education loan guarantor.

The new resource offers online access to account information, contact information for the lender or servicer and support in resolving loan payment problems.

It also includes a section with information on student loan terms and options, interest rates and fees, and repayment options.

Moreover, borrowers will have access to facts about credit scores and loan repayment and consolidation calculators.

"USA Funds Loan Solutions is the latest example of USA Funds'' commitment to helping students, former students and their parents successfully manage and repay the loans that helped them pay for college," said Denise B. Feser, senior vice president of customer relation for USA Funds.

The new tool will also assist those who may have fallen behind in their payments, a solution that may be especially useful during the current financial crisis.

Borrowers in default will be able to view details of their account and payment history and easily access essential documents and correspondence.

The site will guide borrowers with past-due loan accounts through their options, helping them determine if they qualify to defer loan payments and providing online support in requesting economic hardship or unemployment deferments.
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