Foundation managers work on student loan borrowers. The company’s mission would be to guide pupils from the education loan processes, so they can make smart choices about much to help you obtain. However they desire to let college students take advantage of the protections that include federal figuratively speaking.
Positives
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- Not-for-profit standing: The business isn’t really interested in earning profits otherwise pleasing investors. Managers try exclusively searching for permitting students to advance.
- Devoted customer service: People which have inquiries possess a good amount of options. You can telephone call a faithful contact number, talk to financing professionals, post an email, otherwise publish a page. Assistance is offered 5 days weekly.
Cons
- Servicing just: Cornerstone cannot render mortgage affairs. If you would like more help and wish to use more funds, the company are unable to assist with you to definitely.
- Prepayment information: If you wish to generate an extra mortgage fee, Cornerstone often instantly place the financing towards the an excellent accumulated attention, perhaps not the main. That may never be your option.
You simply can’t get a foundation student loan, once the company does not originate fund for students and their group. Still, you can curently have a cornerstone loan and not know it.
Cornerstone explains that the DOE assigns financing servicer whenever the initial disbursement is sent to your university. Typically, you might be informed associated with action by post. Fortsett å lese How-to Sign up for a student-based loan Having Foundation