Are you a student and searching for the best Federal Student Loan servicers? Read the following article till the end in order to know whether Federal Student Loans is the best choice for you or not. And if yes then which one is the best services. Here, with the help of this article, we are going to talk about the best Federal Student Loan servicers. So, without wasting any time let’s get started….

What is a Federal Student Loan?
Before starting anything else, you must know what Federal Student Loan is all about. These days, there are many students who want to study more but don’t have enough money, at that time, students loan comes to rescue.

But sometimes, these student loans comes as more burden to the students as many students end up finding some expensive or fake student loan provider without getting proper management. If you are also one of those who are worried about this issue and is in confusion regarding the same then you must try Federal Student Loans which is also popularly known as government loans.

Nowadays, there are so many fake student loan providers and due to that reason, it becomes hard for us to trust any of these. But at the same time, federal student loan, on the other hand, is considered to be one of the best student loans providers ever since it was established. Federal loans also offer so many varieties of benefits as compared to private student loans, so you must always explore them first before moving to the further steps.

Federal student loans also allow its students together with the parents/guardians for borrowing money for college straight from the federal government. There mainly three types of federal student loans (Direct Subsidized Loans; Direct Unsubsidized Loans and Direct PLUS Loans) that can be easily accessible through the Federal Direct Loan Program.

What Are The Objectives Of Student Loan Servicers?
The Federal Government is considered to be the largest provider of student loans for college students, graduates, as well as even for professionals. These loans, on the other hand, are managed by loan servicers. If in case you are one of those who have applied for federal loans, then you have to simply work with them.

In addition to that, the loan servicer completes the billing of loans for borrowers, collects, and procedures the payments. Also, they offer help to borrowers in taking benefit of the policies and programs that have been offered for the borrowers. It helps in solving borrower's problems, Paying off your federal student loan very easily, It also helps in providing repayment plans

Borrowers who are working in government or non-profit organizations can also be eligible or qualified for the Public Service Loan Forgiveness Program (PSLF).

Top Best Federal Student Loan Servicers
Here is the list of top 5 Best Federal Student Loan Servicers, let’s have a look….

CornerStone
CornerStone Education Loan Services is basically a Non-For-Profit Department of Education Servicer that was founded 35 years ago as well as provides good customer services for student loans all over the country.

This Federal Student Loan servicer was established with the main aim or mission to guide as well as provide financing for higher education is the goal of CornerStone Services.

In addition to that, they also teach students how to save for education, pursue scholarships as well as how to get grants and also to offer personal services to borrowers for promoting responsible repayment.

Granite State - GSMR
The Granite State Management & Resources was established in the year 1962 when the New Hampshire Higher Education Assistance Foundation, NHHEAF, was awarded twenty-three $500 student loans, that have been guaranteed by the NHHEAF.

This Federal Student Loan servicer was established with the main aim or mission to seek the innovative leader in providing educational loan services to many students who are in need in order to improve the promotion, advancement, as well as support of higher education for our state and our region.

Navient
Navient Corporation is the symbolism of loan service and it will provide you all kinds of financial help that one needs, this service provider will always be there for you.

With Navient, manage your student loans appropriately as well as securely. Navient’s loan management app manages your loans very fast, the easy, and useful way in order to stay on top of your loan(s).
Navient is considered to be the right choice for you as it is one of the best loan offering services that helps the students for getting a better career by acquiring easy student loans.

Great Lakes Educational Loan Services
Great Lakes Educational Loan Servicing Inc or Mygreatlakes is basically an affiliate of Nelnet Diversity Solutions, LLC. They mainly work with millions of students in more than 6,000 schools as well as it has also partnered with more than 1,000 lenders.

This Federal Student Loan servicer was established with the main aim or mission to solve the complexity of student loans for the students, families and community-based organizations, Great Lakes wishes at putting 51 years of experience to work by offering several amazing tools that will simplify the procedure of servicing in order to save time.

Nelnet
Another very popular Federal Student Loan Servicers is Nelnet student loan as the company offers educational along with the financial services. It also offers many ways for the borrowers for making payment as well as its customer service seems to be good by being accessible for all days open ie., 24/7. Their services consist of loan servicing along with payment processing, education planning, as well as asset management.

This Federal Student Loan Servicers comes with the mission of providing greater customer experiences and satisfaction, for creating an incredible work environment, for pursuing opportunities for change and growth, to communicate openly as well as fairly and last but not least, for giving back to the community in which we live and work as well.

Conclusion
Overall, Federal student loans are best for almost every student and the best part is that it doesn’t require the borrower to have a strong credit history, as a result, it is much better as compared to most of the private student loans. Hopefully, this information will be beneficial for you.