For many students, federal student loans play a crucial role in financing higher education. Once graduation approaches or repayment begins, managing these loans effectively becomes a top priority. MyFedLoan, an online loan servicing platform provided by FedLoan Servicing, is designed to help borrowers easily manage their federal student loans. Whether you’re tracking your payment history, applying for repayment plans, or exploring loan forgiveness options, MyFedLoan offers a comprehensive suite of tools and resources to simplify the process.
What is MyFedLoan?
MyFedLoan is an online portal managed by FedLoan Servicing, one of the federal loan servicers approved by the U.S. Department of Education. Its primary function is to assist borrowers in managing their federal student loans, providing a user-friendly interface to help them stay on top of their loan payments and access crucial loan-related services.
FedLoan Servicing handles various types of federal student loans, including Direct Loans and Federal Family Education Loans (FFEL). Additionally, the company administers programs like Public Service Loan Forgiveness (PSLF), making it a key resource for borrowers in public service roles.
