The Players in the Student Loan Process

YOU - are responsible for repaying your loan in full, according to the terms of the promissory note (the Master Promissory Note) you signed when you took out the loan. The promissory note is a binding, legal document.

YOUR SCHOOL - develops your Financial Aid Package. Your school's financial aid office is an excellent source of advice and information about your loan, lender, guarantor, and servicer.

YOUR LENDER - is the financial institution that loans you the money to go to school.

GUARANTY AGENCY - GSFC's Georgia Higher Education Assistance Corporation (GHEAC) is the Georgia guaranty agency that insures student loans for lenders and administers the FFELP for the U.S. Department of Education.

SERVICER - lenders sometimes contract with a servicer to manage their student loan accounts. The Georgia Student Finance Commission provides and services loans for other lenders as well.

SECONDARY MARKETS - Sometimes a lender will sell a loan to a secondary market, which then becomes the holder of the loan until it is repaid. If your loan is sold, your lender will notify you in writing.

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Proceed to Your Rights & Responsibilities

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Create an Account Log On My 411 Paying for College Repayment Guide The Players in the Student Loan Process Your Rights & Responsibilities Your Payments & Repayment Options Consequences of Default & Default Prevention Loan Consolidations Deferments & Forbearance Options Financial Fitness Scholarships & Grants Savings Programs Tax Savings Loan Programs Tools & Calculators Publications & Forms Ask an Expert	The Players in the Student Loan Process YOU - are responsible for repaying your loan in full, according to the terms of the promissory note (the Master Promissory Note) you signed when you took out the loan. The promissory note is a binding, legal document. YOUR SCHOOL - develops your Financial Aid Package. Your school's financial aid office is an excellent source of advice and information about your loan, lender, guarantor, and servicer. YOUR LENDER - is the financial institution that loans you the money to go to school. GUARANTY AGENCY - GSFC's Georgia Higher Education Assistance Corporation (GHEAC) is the Georgia guaranty agency that insures student loans for lenders and administers the FFELP for the U.S. Department of Education. SERVICER - lenders sometimes contract with a servicer to manage their student loan accounts. The Georgia Student Finance Commission provides and services loans for other lenders as well. SECONDARY MARKETS - Sometimes a lender will sell a loan to a secondary market, which then becomes the holder of the loan until it is repaid. If your loan is sold, your lender will notify you in writing. Ready for the next step? Proceed to Your Rights & Responsibilities
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GAcollege411 Partners Copyright © XAP Corporation. All rights reserved. XAP and Mentor are registered trademarks of XAP Corporation. Reg. U.S. Pat. & TM Off. Use of this website constitutes acceptance of the XAP Terms of Use and Privacy Policy .