If your federal loans aren’t owned by the U.S. Department of Education, you need to consolidate them into the Direct Loan Program to be eligible for the One-Time Adjustment and Pandemic Payment Pause.
Once logged in, you’ll see your account dashboard.
Next to "My Aid", click "View Details"
Then, scroll down to the “Loan Breakdown” section, where you'll see a list of your loans, including loans you paid off or consolidated into a new loan.
Review the loans that have an outstanding balance.
If the name of the loan’s servicer starts with “Dept. of Ed” or “Default Management Collection System,” that loan is owned by the U.S. Department of Education.However, if the name of the servicer starts with either a company’s name or a school’s name, the loan is not owned by the U.S. Department of Education and needs to be consolidated in to the Direct Loan Program to be eligible for the One-Time Adjustmentand Pandemic Payment Pause.
Not sure who your servicer is? Visit your account dashboard and scroll down to the “My Loan Servicers” section. If you have Federal Perkins Loans that are not owned by ED, contact the school where you received your Federal Perkins Loan for details about repaying your loan.
Log in to your account on studentaid.gov. On your Dashboard click on “View Details.” Scroll down to “Loan Breakdown.” If the name of the loan servicer starts with “Dept. of Ed” or “Default Management Collection System,” then that loan is held (owned) by the federal government.
To find out if your loans are held by ED, follow these steps: Visit your dashboard.Find the “My Loan Servicers” section.If you see a servicer name that starts with “DEPT OF ED,” the related loan is held by ED.
Even if we transfer your loans to a new servicer, we (the U.S. Department of Education) still own your loans. The “transfer” to another servicer means that a new servicer will support you as you repay your loans fully.
An Ed-owned student loan is a federal student loan that the Department of Education owns. The department owns most, but not all, federal student loans. Some federal loans are owned by schools (Perkins Loans), and others are owned by state-backed lenders known as guaranty agencies (Federal Family Education Loans).
Who We Are: MOHELA is a non-profit organization and official servicer of Federal Student Aid dedicated to providing world-class customer service to student loan borrowers.
The federal government or a commercial entity owns your student loans. Private companies own all private loans. The U.S. Department of Education holds most federal loans. Both the Department of Education and private institutions partner with third parties called student loan servicers.
Introduction: My name is Greg Kuvalis, I am a witty, spotless, beautiful, charming, delightful, thankful, beautiful person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
