FedLoan Servicing is one of the biggest student loan servicers in the country. The US Department of Education uses them to manage the loans.
FedLoan Servicing was established in 2009 to support the U.S. Department of Education’s ability to service student loans owned by the federal government. FedLoan Servicing is one of a limited number of organizations approved by the Department to service these loans.
FedLoan Servicing is actually a quasi government organization known as Pennsylvania Higher Education Assistance Agency. It is headquartered in Harrisburg, Pennsylvania, with regional offices throughout the state, is the quasi-governmental agency that administers several State higher education student financial aid programs.
Created in 1963 by the Pennsylvania General Assembly. Today, PHEAA is a national provider of student financial aid services, serving millions of students and thousands of schools through its loan guaranty, loan servicing, financial aid processing, outreach and other student aid programs.
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