Is aspire a direct loan?

In April 2012, Aspire Resources became a servicer of direct federal student loans, after the Department of Education awarded the company a contract to handle 200,000 loans in the William D. Ford Federal Direct Loan Program.

What type of loan is aspire?

Aspire is a for-profit subsidiary of the nonprofit company Iowa Student Loan and services loans as Aspire Service Center. The company was contracted with the federal government to service loans from the Direct Loan program.

Is aspire a private student loan?

In addition to servicing student loans, Aspire Servicing Center performs loan origination services for lenders with active private education loan programs for families who need assistance with college expenses.

What happened to Uheaa?

“We regret that the decision to end the contract with the U.S. Department of Education’s Office of Federal Student Aid negatively impacts so many of our highly valued employees, and we’re committed to helping them through this transition over the coming months.” UHEAA blamed ongoing financial losses for its decision to …

Does Aspire credit card report to credit bureaus?

The Aspire Card reports to the credit bureaus TransUnion, Equifax, and Experian right after the closing date of your billing cycle. Just be aware that it can take a few days for the updates to appear on your credit report.

Is aspire servicing center a federal student loan?

The loans we service, including FFELP and private loans, are not federally held loans and are not eligible for the interest waiver. Many of the federal student loans we service are eligible for forbearance, which may be automatically applied or requested. Many private loans are also eligible for assistance.

Is my MOHELA loan a federal loan?

MOHELA is one of seven companies that service federal student loans by collecting and tracking payments. MOHELA, or the Missouri Higher Education Loan Authority, is a nonprofit company and services both federal and private student loans.

Is UHEAA a private lender?

UHEAA is a Utah state government agency and part of the Utah System of Higher Education.

Are UHEAA loans federal loans?

Loans serviced by UHEAA are held under the Federal Family Education Loan (FFEL) Program and do not currently qualify for the automatic National Emergency Forbearance. However, additional postponement or repayment options may be available to you during this time of uncertainty.

What credit score do you need for aspire?

Aspire Credit Card is a great Credit Card if you have fair credit (or above). Their APR is quite high (above 20%). If you’re looking to apply, we recommend at least a 630 credit score. If you’re not sure what your Credit Score is, apply for a report, here.

What score is needed for aspire?

The Aspire Federal Credit Union Platinum Mastercard® is designed for consumers with fair credit (typically, those with FICO scores from 630 to 689). While you won’t earn a sign-up bonus or ongoing rewards, it does come with a 0% intro APR period and a $0 annual fee.