Hello everyone, this is Calvin Russell, CEO and founder of a 50-club credit consultation. I hope everyone's doing well today. Today, we're gonna talk about the new co-signer release form that has actually been out for a while but hasn't been widely promoted with all of the student loan lenders, especially the major ones like Sallie Mae, Dorko, and the ones that have been bought out by the US Department of Education (such as Direct Loans and Nelnet). There are also private student loan providers like SunTrust Bank and Wells Fargo. I've seen so many different student loan providers, honestly. Many of you probably had a co-signer, whether it was for loans directly with the school or for private student loans. Normally, having a co-signer means you can't get off the loan unless you refinance it. Refinancing is still an option, but let's get straight into the two ways to get a co-signer off of a student loan. The first way is the traditional way, which is refinancing. Just like you can refinance a mortgage, sometimes one person qualifies and the other doesn't. In the beginning of the mortgage or auto loan process, usually they want both individuals to be on board to get the benefits of it with their credit. However, with student loans, they have what they call a co-signer release form. The process is simple. The co-signer has to make consecutive payments on time, usually ranging from one year to four years depending on the lender. They also have to show that they have the income to continue making payments without the co-signer. This means that the individual with the student loan has to qualify and handle the loan payments themselves.
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Great lakes nelnet Form: What You Should Know
These forms should be scanned to complete the form because paper copies will not allow you to pay. Borrower Electronic Payment Form — Telnet Complete the form, follow instructions, then click “submit”. Borrower Electronic Payment Form (Spanish) — Telnet After completing the EIP form, upload it to mygreatlakes.org/go/elivexperience, select Spanish as your language, and click “submit.” Currency Conversions — Telnet After completing the EIP form, upload it to mygreatlakes.org/go/elivexperience, select Spanish as your language, and click “submit.” Loan Application — Telnet Complete any required information, and then click “submit” to electronically submit your application/loan. Borrower Electronic Payment Form — Telnet After completing the EIP form, upload it to mygreatlakes.org/go/elivexperience, select Spanish as your language, and click “submit.” Financial Aid Information/Refunds Financial Aid Application — Telnet After clicking “submit,” Signing In/Updating Your Account Click on the following: In case the Borrower has not yet completed the “Borrower Account” link, a new window will open When a new window shows the Borrower Account link, click the “Borrower Account Link” to complete the process Borrower Account Link — Telnet Complete the Borrower Account Link, follow instructions, then click “submit” to electronically complete the process Loan Application — Telnet Click on the following: Loan Information — Loan Fill out the loan application, then click “submit” to electronically submit the request to my loan.org, a secure, online application system for borrowers on this website that uses secure, encrypted data encryption and retrieval technology. Student Loan Agreement — In the first field titled, “Student Loan Agreement,” fill out the form. Payments Please make sure the amount you're trying to pay is correct. I.e. If we are changing fees to loans, then your student loans must clear the “Payment Amount” amount before you can pay.
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