If your student loan is not owed to the ED, you have a non-federal, or private student loan. This is another way to say that an entity other than the federal government lent you the money to go to school. Private student loans can come from a bank, a credit union, a state student loan agency or even directly from your college or university. Private loans are subject to a different set of rules than federal loans from the ED.

It is critical that you contact Waccamaw Law to understand your rights.

If your college or university lent you money for school, you were granted a student loan from your educational institution. That’s why this kind of student loan is often called an “institutional loan.” Institutional loans are more likely than any other kind of student loan to violate your rights as a student-consumer.

Contact Waccamaw Law immediately if you think you are making payments on a student loan owed directly to your school.

It is very common for students to have both federal and private student loans. It is important to understand that your repayment options for federal and private student loans are different.

Contact Waccamaw Law for more information.