Stupid Unsub Stafford Question

<p>My son received an email from Fed Loan Servicing that request he establish an account at </p>

<p>He hasn't clicked the link or gone to the website yet, so I don't know how much personal/private/financial info it will seek. </p>

<p>Is this the legitmate way to finalize unsub Stafford arrangements? Or will there be a different communication coming? </p>

<p>I'm willing to believe this is legit. We're just proceeding cautiously before opening unexpected emails. </p>


<p>Good thing to be cautious- I can't really tell what it is- it is a new site to me.
Seems legitimate but I am not an expert.</p>

<p>This is the website that we handle our loans through
<a href=""&gt;;/a&gt;&lt;/p>

<p>One year's worth of my daughter's stafford loans are handled through Fed Loan Servicing. Unfortunately, that is the one payment that I am making for her. I hate them.
Their interest charges seem wrong to me, and as I've just looked over the year's worth of statements I decided to check with an accountant. Interest is compounded daily, but there seems to be no rhyme or reason to it, and the amounts vary greatly from month to month, even when I factor in the dates the payments were marked received, and sometimes they are marked received a week or more after I mailed them, so it looks like they sometimes delay posting the payments.</p>

<p>If you have any doubts about the legitimacy, speak with your son's financial aid office.</p>

<p>This is the website for one of the DL servicers, PHEAA. It is legit. Is your son currently in school? Accessing the site is not necessary in order to receive the loans, but I think it is a really good idea to monitor loans on a regular basis ... just to make sure nothing weird is going on with them. The only info that should be necessary to access it is name, SSN, and FAFSA PIN. They will also want a user name & PIN to be established.</p>

<p>When you say "finalize unsub Stafford arrangements," I am not quite sure what you mean. Any requirements to receive the unsub loan would be done through the school (to accept the loan) and through the <a href=""&gt;;/a> website (to do entrance counseling and MPN).</p>

<p>Thank you all for your replies. I guess I'll tell him it's OK to set up the account. </p>

<p>kelsmom, I suppose "finalize...arrangements" was a bad choice of words. I just meant that the email implies working with them is necessary and Son should sign up. (We thought the process ended at He is currently in college, but this is his/our first pass at loans. So, the unexpected request to deal with a third party surprised us.</p>

<p>The servicers have their own websites, so once the loan is assigned to the servicer, they will ask you to sign up with them for access to their site. You theoretically can get the same info on, but I found that this is not always true. My son was listed as in school on, but his servicer had him listed as not in school ... with a loan payment due the next week when I happened to log on to get an address ... and they hadn't even contacted him to let him know they had him scheduled to begin repayment!! He was in school, his school had reported him for the clearinghouse, the feds had him in the system as in school, but the servicer clearly dropped the ball & problems could have ensued had I not happened to catch it.</p>

<p>Dougbetsy....just an FYI...there is no such thing as a "stupid" question when it comes to loans and money:)</p>