What is a student loan account number? Why do you need to know it? Your student loan account number is a unique 10-digit number which is given to you by your student loan provider and is utilized for identifying your federal student loan. By the way, how to find your Great Lakes Student loan account number?
Finding the Great Lakes Student Loan Account Number
The easiest way to find your student loan account number is on the monthly student loan statements sent by your loan provider. You will be able to find it on the upper right or left corner near your name, or somewhere in that vicinity. Also, you are able to check your email account if you’re receiving your statements by e-mail.
If you do not have access to any of your monthly statements, then you are able to log into the Federal Student Aid site by using your FSA (Federal Student Aid) ID to view your loan details. This is going to allow you to see more information about your loan than only the student loan account number.
You are able to use your student loan account number to look up your payments and see how much of your balance is left. Also, this number is used to verify a student’s identity when you are using services offered by the loan provider, such as mobile banking or trying to get previous statements.
Several financial institutions and banks probably ask you for your student loan account number before letting you borrow money or approve a new credit card. Also, you will need to know this number if you are considering refinancing those loans. Aside from that, your student loan account number is utilized for tax purposes to verify that the student loan on a tax return is yours.
Need to know that the students who have taken out private loans will not have a federal student loan identification number. In that case, a student will need to contact the lender to get account information. This will include any private student loans which were formerly federal ones, but were refinanced into a private loan, because those balances will show in government records as $0.00.
More About the FSA (Federal Student Aid) ID
The FSA (Federal Student Aid) ID replaced the Federal Student PIN in the year of 2015, so the students who have not taken out new student loans or have not logged into the Federal Student Aid site since 2015 might not have an FSA (Federal Student Aid) ID yet.
The students who do not have an FSA (Federal Student Aid) ID can make one on studentaid.ed.gov. After you sign up for an FSA (Federal Student Aid) ID, the federal government is going to verify your information with the Social Security Administration. After your information is verified, then you will be able to use your FSA (Federal Student Aid) ID to get information about your federal student loans.
The website, managed by the U.S. Department of Education, will be able to give a convenient method to get a full picture of all your federal loans, including:
- How many federal student loans you have
- Their loan kinds
- The original balance on each loan
- Current loan balances
- Interest rates on loans
- Whether any loans are in default
- Loan service provider’s names
- Contact number of the loan service providers
Identifying the Lenders
It might surprise you to know that federal student loans are not directly administered by the government. While the government is the lender, those loans are administered by a few loan servicers which take on administrative tasks such as sending bills to borrowers, making repayment plans, and consolidating loans. It is crucial to know which institutions are overseeing your loans so that you know where to make payments, which website to visit, who to call with the questions, as well as who to contact if you need to discuss an alternative payment plan. As explained above, for federal loans you are able to find information about what institutions are serving your loan when logged on to StudentAid.gov.
Besides to the Great Lakes company, the U.S. Department of Education assigns loan to the following companies:
- CornerStone : 1-800-663-1662
- FedLoan Servicing (PHEAA): 1-800-699-2908
- Granite State: 1-888-556-0022
- HESC/Edfinancial : 1-855-337-6884
- MOHELA : 1-888-866-4352
- Navient : 1-800-722-1300
- Nelnet : 1-888-486-4722
- OSLA Servicing : 1-866-264-9762
There is another way to confirm a loan servicer, it is by calling the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243.
As far as private student loans go, the lender is usually a bank or other financial institution. Contact information must be available on the bills and other information which is sent out.
If those documents have been misplaced, usually the private lender’s information can be found on credit reports. You are able to request one free credit report from each of the three reporting agencies annually; Equifax, Experian, and TransUnion. Another method to track down your private student loan lenders is by contacting your college’s financial aid office.
Conclusion
A student loan account number is a unique 10-digit number which is given to you by your student loan provider. It is very important to know your student loan account number which can be found on your federal loan statements or online. This student loan account number can be used to access loan information, utilize other lender services and apps, and assist you devise a payment plan. Also, you will need this number when you are applying for a credit card or other loan, and if you decide to refinance your student loan. The easiest way to find your student loan account number is on the monthly student loan statements sent by your loan provider. You will be able to find it on the upper right or left corner near your name, or somewhere in that vicinity. Also, you are able to check your email account if you’re receiving your statements by e-mail.
