Aspire Student Loan
From : http://www.aspireresourcesinc.com/
Borrowers
Use Aspire's comprehensive online resources to help you successfully pay your student loans. Friendly and knowledgeable loan counselors are also ready to assist you. Go to Borrowers.
http://www.aspireresourcesinc.com/Borrowers/Default.aspx
Schools
Aspire's iLink Service Center helps financial aid officers assist students in the repayment of their federal student loans. Look to iLink to provide you with necessary reports and information. Go to Schools.
http://www.aspireresourcesinc.com/Schools/Default.aspx
Lenders and Business Partners
A successful supplemental student loan program requires extensive knowledge and experience. Let Aspire Resources Inc. help you serve your customers and meet your goals with a unique private loan product. Go to Lenders and Business Partners.
http://www.aspireresourcesinc.com/Lenders-and-Business-Partners/Default.aspx
Federal Student Loan Types
Aspire Resources Inc. provides customer service for two main groups of federal student loans.
Direct Loans
Loans under the William D. Ford Federal Direct Loan Program (Direct Loan) are provided to students and schools directly from the U.S. Department of Education. Types of Direct Loans are:
Direct Subsidized Loans
Direct Unsubsidized Loans
Direct PLUS Loans for parents
Direct PLUS Loans for graduate and professional-degree students
In 2010, as a result of federal legislation, all federal student loans are provided through Direct Loan. Aspire is one of a limited number of organizations contracted to service Direct Loans on behalf of the U.S. Department of Education.
FFEL Loans
Until 2010, independent organizations provided and serviced Federal Family Education Loan (FFEL) Program loans, which included:
Federal Stafford Loans
Subsidized Federal Stafford Loans
Unsubsidized Federal Stafford Loans
Federal PLUS Loans for parents
Federal PLUS Loans for graduate and professional-degree students
Other Federal Loans
You may have qualified for a Federal Perkins Loan. Visit your financial aid office or www.ed.govOpens a new window to learn more about Perkins Loans.
About Loan ( http://www.aspireresourcesinc.com )
Learn more about your responsibilities, payment issues and why Aspire is servicing your loan.
Select a topic below to see detailed information:
Borrower Responsibilities
No matter what type of federal student loan you have, you have certain responsibilities as a borrower.
Borrow only what you need. Limiting your loan amounts will make your student loan commitment more manageable when you're preparing for other purchases like a new car or house.
Understand your loan agreements. Read your Master Promissory Note (MPN) to make sure you understand your loan terms and payment requirements.
Make timely payments. Submit each payment according to your repayment schedule (or before), even if you:
Do not graduate.
Are planning to enroll in school again.
Are in the process of applying for a deferment or forbearance.
Aren't happy with your education.
Contact Aspire Resources Inc. promptly if you are having difficulty making your payments. Friendly loan counselors are available to help you find assistance that meets your needs.
Let Aspire know if anything changes.
Update your address, telephone number(s) and email address by logging in to your account.
If you are delaying payments through forbearance or deferment and your situation or loan status changes, contact Aspire.
Comaker Responsibilities
A comaker has combined loans with another person and shares responsibility for the loan. Both borrowers should:
Understand loan agreements. Read the Master Promissory Note (MPN) to make sure you understand loan terms and payment requirements.
Ensure payments are made on time. Submit each payment according to the repayment schedule (or before), even if one of you:
Does not graduate.
Takes longer than expected to finish his or her education.
Isn't happy with the education or training received.
Contact Aspire Resources Inc. promptly if either of you has difficulty making payments. Friendly loan counselors are available to help you find assistance that meets your needs.
Let Aspire know if anything changes.
Update your address, telephone number(s) and email address by logging in to your account.
Call Aspire to update the borrower's contact information.
If you are delaying payments through forbearance or deferment and your or the borrower's situation changes, contact Aspire.
If...
- You miss payments or send them late
Then...
The loan may be reported as delinquent to national consumer reporting agencies, which may impact your credit score. You may be unable to qualify for other types of loans in the future.
If...
The loan is reported as delinquent to consumer reporting agencies
Then...
The information may remain on your and the borrower's credit reports up to seven years.
Why Aspire Has My Loan
Aspire Resources Inc. is a student loan servicer for the U.S. Department of Education. Your student loan account has recently been transferred to Aspire. Visit the Federal Student AidOpens a new window website to learn more about federal loan servicers.
Aspire looks forward to providing excellent customer service on your account. Please contact Aspire with any questions or concerns. Friendly loan counselors are available to assist you in a variety of ways.
About the Transition
Learn more about the transition of your account to Aspire.
Ten things you should know.
Do you have questions? (PDF)
What Should I Do Next?
Aspire is working to make the transfer process seamless. Please contact Aspire, however, if you would like assistance with your account, such as:
Updating your name or contact information.
Setting up new arrangements for electronic billing or automatic payment withdrawals.
If you previously made your payments through automatic withdrawal, your arrangements should continue.
Making payments.
Delaying payment through forbearance or deferment.
Note: The forms are provided in portable document format (PDF). If you do not have a PDF reader, download the most current version of Adobe Acrobat ReaderOpens a new window for best results.
Trouble Making a Payment
Aspire Resources Inc. offers a number of options if you have difficulty making your student loan payments.
Temporarily stop making payments. If you can't afford any payments right now, see if you qualify to postpone payments.
Make smaller payments. If you have difficulty making your regular monthly payment each month, consider changing your payment plan to suit your situation.
Contact a Loan Counselor
If you'd like to speak directly with a loan counselor without charge or obligation:
Call (855) 475-3335 between 7 a.m. and 7:30 p.m. (Central time) Monday through Friday.
Schedule a convenient time to talk to a loan counselor.
What Happens When I Don't Pay
Contact Aspire to take action before your account defaults; assistance options may be available. If you don't make payments, if you make them late or if you fail to meet other terms and conditions in your promissory note, your account may be reported to consumer reporting agencies, which may damage your credit.
The U.S. Department of Education may also subject you to other consequences, including:
Becoming ineligible for federal financial aid in the future.
Loss of ability to qualify for loan deferment or forgiveness on the defaulted loan.
Ineligibility for a professional license if you're required to be licensed by your state.
Having the entire balance on your loan(s) become due immediately.
Having a lawsuit filed against you. If the U.S. Department of Education prevails, you may be responsible for its legal fees and other costs.
Requiring your employer to take money out of your paychecks to pay your debt.
Loss of federal or state tax refunds, state lottery winnings and any Social Security or veterans benefits.
Contact a Loan Counselor
If you'd like to speak directly with a loan counselor without charge or obligation:
Call (855) 475-3335 between 7 a.m. and 7:30 p.m. (Central time) Monday through Friday.
Schedule a convenient time to talk to a loan counselor.
Use Aspire's comprehensive online resources to help you successfully pay your student loans. Friendly and knowledgeable loan counselors are also ready to assist you. Go to Borrowers.
http://www.aspireresourcesinc.com/Borrowers/Default.aspx
Schools
Aspire's iLink Service Center helps financial aid officers assist students in the repayment of their federal student loans. Look to iLink to provide you with necessary reports and information. Go to Schools.
http://www.aspireresourcesinc.com/Schools/Default.aspx
Lenders and Business Partners
A successful supplemental student loan program requires extensive knowledge and experience. Let Aspire Resources Inc. help you serve your customers and meet your goals with a unique private loan product. Go to Lenders and Business Partners.
http://www.aspireresourcesinc.com/Lenders-and-Business-Partners/Default.aspx
Federal Student Loan Types
Aspire Resources Inc. provides customer service for two main groups of federal student loans.
Direct Loans
Loans under the William D. Ford Federal Direct Loan Program (Direct Loan) are provided to students and schools directly from the U.S. Department of Education. Types of Direct Loans are:
Direct Subsidized Loans
Direct Unsubsidized Loans
Direct PLUS Loans for parents
Direct PLUS Loans for graduate and professional-degree students
In 2010, as a result of federal legislation, all federal student loans are provided through Direct Loan. Aspire is one of a limited number of organizations contracted to service Direct Loans on behalf of the U.S. Department of Education.
FFEL Loans
Until 2010, independent organizations provided and serviced Federal Family Education Loan (FFEL) Program loans, which included:
Federal Stafford Loans
Subsidized Federal Stafford Loans
Unsubsidized Federal Stafford Loans
Federal PLUS Loans for parents
Federal PLUS Loans for graduate and professional-degree students
Other Federal Loans
You may have qualified for a Federal Perkins Loan. Visit your financial aid office or www.ed.govOpens a new window to learn more about Perkins Loans.
About Loan ( http://www.aspireresourcesinc.com )
Learn more about your responsibilities, payment issues and why Aspire is servicing your loan.
Select a topic below to see detailed information:
Borrower Responsibilities
No matter what type of federal student loan you have, you have certain responsibilities as a borrower.
Borrow only what you need. Limiting your loan amounts will make your student loan commitment more manageable when you're preparing for other purchases like a new car or house.
Understand your loan agreements. Read your Master Promissory Note (MPN) to make sure you understand your loan terms and payment requirements.
Make timely payments. Submit each payment according to your repayment schedule (or before), even if you:
Do not graduate.
Are planning to enroll in school again.
Are in the process of applying for a deferment or forbearance.
Aren't happy with your education.
Contact Aspire Resources Inc. promptly if you are having difficulty making your payments. Friendly loan counselors are available to help you find assistance that meets your needs.
Let Aspire know if anything changes.
Update your address, telephone number(s) and email address by logging in to your account.
If you are delaying payments through forbearance or deferment and your situation or loan status changes, contact Aspire.
Comaker Responsibilities
A comaker has combined loans with another person and shares responsibility for the loan. Both borrowers should:
Understand loan agreements. Read the Master Promissory Note (MPN) to make sure you understand loan terms and payment requirements.
Ensure payments are made on time. Submit each payment according to the repayment schedule (or before), even if one of you:
Does not graduate.
Takes longer than expected to finish his or her education.
Isn't happy with the education or training received.
Contact Aspire Resources Inc. promptly if either of you has difficulty making payments. Friendly loan counselors are available to help you find assistance that meets your needs.
Let Aspire know if anything changes.
Update your address, telephone number(s) and email address by logging in to your account.
Call Aspire to update the borrower's contact information.
If you are delaying payments through forbearance or deferment and your or the borrower's situation changes, contact Aspire.
If...
- You miss payments or send them late
Then...
The loan may be reported as delinquent to national consumer reporting agencies, which may impact your credit score. You may be unable to qualify for other types of loans in the future.
If...
The loan is reported as delinquent to consumer reporting agencies
Then...
The information may remain on your and the borrower's credit reports up to seven years.
Why Aspire Has My Loan
Aspire Resources Inc. is a student loan servicer for the U.S. Department of Education. Your student loan account has recently been transferred to Aspire. Visit the Federal Student AidOpens a new window website to learn more about federal loan servicers.
Aspire looks forward to providing excellent customer service on your account. Please contact Aspire with any questions or concerns. Friendly loan counselors are available to assist you in a variety of ways.
About the Transition
Learn more about the transition of your account to Aspire.
Ten things you should know.
Do you have questions? (PDF)
What Should I Do Next?
Aspire is working to make the transfer process seamless. Please contact Aspire, however, if you would like assistance with your account, such as:
Updating your name or contact information.
Setting up new arrangements for electronic billing or automatic payment withdrawals.
If you previously made your payments through automatic withdrawal, your arrangements should continue.
Making payments.
Delaying payment through forbearance or deferment.
Note: The forms are provided in portable document format (PDF). If you do not have a PDF reader, download the most current version of Adobe Acrobat ReaderOpens a new window for best results.
Trouble Making a Payment
Aspire Resources Inc. offers a number of options if you have difficulty making your student loan payments.
Temporarily stop making payments. If you can't afford any payments right now, see if you qualify to postpone payments.
Make smaller payments. If you have difficulty making your regular monthly payment each month, consider changing your payment plan to suit your situation.
Contact a Loan Counselor
If you'd like to speak directly with a loan counselor without charge or obligation:
Call (855) 475-3335 between 7 a.m. and 7:30 p.m. (Central time) Monday through Friday.
Schedule a convenient time to talk to a loan counselor.
What Happens When I Don't Pay
Contact Aspire to take action before your account defaults; assistance options may be available. If you don't make payments, if you make them late or if you fail to meet other terms and conditions in your promissory note, your account may be reported to consumer reporting agencies, which may damage your credit.
The U.S. Department of Education may also subject you to other consequences, including:
Becoming ineligible for federal financial aid in the future.
Loss of ability to qualify for loan deferment or forgiveness on the defaulted loan.
Ineligibility for a professional license if you're required to be licensed by your state.
Having the entire balance on your loan(s) become due immediately.
Having a lawsuit filed against you. If the U.S. Department of Education prevails, you may be responsible for its legal fees and other costs.
Requiring your employer to take money out of your paychecks to pay your debt.
Loss of federal or state tax refunds, state lottery winnings and any Social Security or veterans benefits.
Contact a Loan Counselor
If you'd like to speak directly with a loan counselor without charge or obligation:
Call (855) 475-3335 between 7 a.m. and 7:30 p.m. (Central time) Monday through Friday.
Schedule a convenient time to talk to a loan counselor.
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