Is KHESLC a federal loan?
Your loans with KHESLC are either Federal Family Education Loans or private loans.
What does KHESLC stand for?
The Kentucky Higher Education Student Loan Corporation (KHESLC) was created by Kentucky Revised Statute 164A in 1978 as an independent, de jure municipal corporation and political subdivision of the Commonwealth.
Is Kheaa a federal loan?
KHEAA’s sister agency, the Kentucky Higher Education Student Loan Corporation (KHESLC), offers the only state-based loans for students and parents: the Advantage Education Loan (students) and Advantage Parent Loan (parents of students).
How do I contact Kheaa?
Contact Information By phone at 1-800-928-8926. By mail to KHEAA Website Information, Attn: Legal Department, PO Box 798, Frankfort, KY 40602‐0798.
Are Ffelp loans forgivable?
FFELP loan forgiveness FFEL borrowers may be eligible for Public Service Loan Forgiveness or Teacher Loan Forgiveness if they consolidate into a Direct Loan. To qualify for this type of FFELP loan forgiveness, they would have to be on a qualifying repayment plan and make 120 qualifying payments to the new loan.
How do I go back to school with defaulted student loans?
How to go back to school after defaulting on student loans
- Fill out the FAFSA. Your first step to pay for additional classes should be filling out the Free Application for Federal Student Aid (FAFSA).
- Apply for scholarships and grants.
- Take out federal student loans.
- Use private student loans to fill any gaps.
How do you pay back student loans in Kentucky?
Your options are:
- Repay or satisfy the loan in full.
- Make six agreed-upon monthly payments over a six-month period. Your payment amount must be approved in advance by your loan holder.
- Consolidate your loan through the Direct Consolidation Loan.
- Rehabilitate your loan.
Who is Kheaa?
The Kentucky Higher Education Assistance Authority (KHEAA) is a public corporation and governmental agency and instrumentality of the Commonwealth established in 1966 to improve students’ access to higher education.
What is college access program?
Courses in this program enable students to learn or relearn skills needed to meet employment, personal or educational goals. Participants in the Occupations and College Access Program (OCAP) enroll in a program of study according to their career goals and academic levels.
Will my student loans ever go away?
The Takeaway. Because student loans don’t disappear, it’s important to make them manageable. Borrowers with federal student loans may be able to qualify for deferment, forbearance, or income-based repayment options which can provide some temporary relief or help make monthly payments more manageable.
Will IRS take refund for student loans 2021?
However, the government halted all student loan collections on federal student loans at the start of the pandemic, and the relief currently lasts through May 1, 2022. This means that your tax return won’t be taken to offset your outstanding federal student loan balance for the 2021 tax season.
How do I contact kheslc?
Like with most student loan servicers, you can contact KHESLC by phone, mail, email and fax. It has different departments for different types of requests and loans. You can send KHESLC a secure email by logging in to your online account.
What is kheslc and what does it do?
Kentucky Higher Education Student Loan Corporation (KHESLC) is a private company established by the Kentucky state government to help residents access higher education. In addition to being behind Advantage Education Loan, it also handles repayments for federal and private student loans.
What kind of student loans does kheslc handle?
Along with servicing federal student loans, KHESLC also handles repayments for Advantage Education loans as well as loans formerly serviced by Georgia Student Finance Authority. Explore your options by APR, minimum credit score, loan amount and loan term.
How can I refinance my kheslc loans?
You can refinance your KHESLC loans by taking out a new loan with a private lender to pay off your current student debt. It’s the only way to switch servicers if you have an Advantage Education Loan — and can potentially get you more favorable rates and terms.