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How Much Do Federal Student Loan Servicers Make Per Loan?
Manage episode 405524797 series 2449596
Content provided by The College Investor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The College Investor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Borrowers often believe that student loan servicers get to keep the interest on the loan. But it doesn’t work like that.
Servicing companies collect payments of principal and interest on behalf of the loan holder (the Department of Education in the case of federal loans). In exchange, they're paid a monthly fee for each loan serviced.
So how much do federal student loan servicers make per loan?
917 episoade
Distribuie
Manage episode 405524797 series 2449596
Content provided by The College Investor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The College Investor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Borrowers often believe that student loan servicers get to keep the interest on the loan. But it doesn’t work like that.
Servicing companies collect payments of principal and interest on behalf of the loan holder (the Department of Education in the case of federal loans). In exchange, they're paid a monthly fee for each loan serviced.
So how much do federal student loan servicers make per loan?
917 episoade
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Similar cu The College Investor Audio Show
Welcome to an exciting new season of the podcast Your Career: Choice or Chance? - as we dive into the ever-evolving world of GenAI in the Workplace and explore the latest trends, experiences, and career journeys shaping the future of work as AI is increasingly ingrained in it. Each episode provides fresh insights, addressing the transformative influence of GenAI in shaping the workforce of tomorrow, making it a must-listen for anyone interested in staying ahead in the ever-evolving world of ...
…
continue reading
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…
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…
continue reading
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…
continue reading
An archive of each full weekday episode of the award-winning program presented by Bruce Whitfield.
…
continue reading
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…
continue reading
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…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
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…
continue reading
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…
continue reading
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