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My End of Year Doctoral Horror Story

  Hey guys! Ms. Duggan is back! I know it’s been awhile since I updated my blog but as you know I was working in Italy as a mental health clinician on an archaeological dig site. Don’t worry you will get ALL the details later. I’m finally back at work and getting back to my normal busy life and things are going well so far. But around the time I got back into the swing of things I had a major doctoral catastrophe! (Figure 1: This is a thumbnail of my latest YouTube video “My Doctoral Horror Story” where I am looking at the camera with a terrified look.) While I was away, I was still enrolled in two courses that had been going pretty well. I actually finished one while I was in Italy and received an A in the course.   The other course had one last assignment due that I planned to finish once I got back to the states. However, to my surprise it was due while I was in Italy and I was totally not prepared to finish it. (Figure 2: This is a photo of Ms. Jay, an African American male fashion

Student Loans Transferred to a New Loan Servicer?

 

Hey Guys! So two weeks ago tomorrow I paid off my student loans! That’s right they are completely gone! But on the morning of I got an email that my loans were about to be transferred to another loan holder! You can imagine my panic when I went in to make my last payment and couldn’t! I was so upset before I realized that while I couldn’t make a payment I could do a loan payoff. With many student loan holders choosing to no longer service student loans here are a few tips on what to do if your student loans are being transferred.

Figure 1: This is a thumbnail of my latest YouTube video “Student Loans Transferred to a New Loan Servicer?” where I am seated in my office wearing a green dress and smiling  at the camera.

 

1.      Print ALL documents AND save them to the cloud.

While I’m sure loan holders are doing everything in their power to ensure that your balance is correct I would recommend that you print every document that you find to place in a file in case something goes wrong. I also recommend utilizing the cloud i.e. Google Drive to save important documents as well.

2.      Update your contact information.

Make sure that your phone number, address, and email are up to date. This way you don’t miss any important updates from your new loan servicer. Your new loan servicer will reach out via whatever contact information that is on file with your current loan servicer.



Figure 2: This is a screenshot of the letter that I was sent from FedLoan saying that my loans were transferring. The letter lists my balance and the next actions that I should take.

1.      Set up a new account.

You will need to set up a new account with your new loan servicer. Be sure to do this after they contact you.

2.      Do not ignore that your student loans are being transferred!

I get it you’re not paying on your student loans for whatever reason. This doesn’t mean ignore communication about them though. As we all know student loans can rear their ugly head at the most inopportune time so stay on top of things!

Figure 3: This is a photo that says “MOHELA” in green letters. There is an apple next to the “M”.


Did your loan servicer change? Was it an easy process? Any other tips that I missed? Let me know in the comments! Also, be sure to check out my new video with more tips on what to do if your student loans are switching servicers. Don’t forget to sign up for my newsletter so you don’t miss a beat! Bbyyeee!




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