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Frequently Asked Questions

These FAQs are designed to provide a better understanding of your Student Loan Debt rights, responsibilities, as well as your options for repayment or dispute. We provide basic information about what can be fairly complex topics. Some answers may link to more detailed information, but we aim to answer as many of your questions as possible. If you have any questions regarding your student loans that are not covered here or elsewhere on our website, please contact FAMS and we will do our best to assist you.

Default

Learn about what student loan default and what it can mean for your future.

Getting Out of Default

Learn about the options for getting out of default and back on track.

Resolving Disputes

Learn what to do if you have a dispute regarding your student loan debt.

Loan Forgiveness

Learn about how to have all or part of your student loans forgiven as a Teacher or Public Service worker.

Loan Cancellation

Learn what statuses qualify you to have all or part of your student loan debt cancelled.

Financial Asset Management Systems, Inc. is a debt collection agency. This is an attempt to collect a debt, by a debt collector, and any information obtained will be used for that purpose. Calls to and from FAMS may be monitored and/or recorded for quality assurance purposes.

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