MyCornerStoneLoan Review 2021: Is MyCornerStone Student Loan Legit or Scam?

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MyCornerStoneLoan Review

Are you searching to know if MyCornerStoneLoan is legit or not? then you have come to the right place because, in this MyCornerStoneLoan review, we will be explaining everything about MyCornerStoneLoan and also state if it is legit or a scam.

What is MyCornerStone Loan?

The Ministry of Education’s CornerStone Education Loan Services is a non-profit organization. They have a 35-year track record of providing excellent student loan customer service.

Under the authority of the Utah Higher Education Assistance Authority, (UHEAA) the CornerStone Education Loan Services Program manages student loans . UHEAA is a Utah government organization that is also a part of the state’s higher education system.
MyCornerStoneLoan also strives to assist families in funding higher education. They work hard to teach students how to save for their education, get scholarships and grants, and borrow sensibly.

Who is Involved?

  • You or your student have received a federal student loan to assist you in continuing your education. We can help you with repayment as part of your student loan agreement.
  • Your School: The financial aid office at your school assists you in completing the free application for federal student aid (FAFSA) and disbursing any financial aid that is required to fund your education. You were qualified to receive government aid by completing the FAFSA.
  • The United States Department of Education provides a number of student aid programs, one of which is the direct loan program. This is where your direct federal loans were first financed.
  • (Your Provider) CornerStone Education Loan Services: CornerStone is in charge of handling federal student loans as well as assisting students in successfully managing and repaying their loans, among other things. If you’ve chosen us as a service agent, we’ll be your first point of contact for any questions you have about your loan repayment. However, it’s possible that a different repairer was chosen to handle some of your other loans. Visit the StudentAid.gov website to find out who your agents are.

How Does it Work?

  • You fill out the FAFSA and send it to the Ministry of Education.
  • Your FAFSA application is used by the Department of Education to assess what financial help you are qualified for. Your credentials will be delivered to you and your school once this information has been reviewed and approved.
  • Your school will walk you through this information and explain the several sorts of financial aid that are available to you.
  • You select how much assistance you require and accept it from your financial aid office.
    The Master Promissory Note (MPN), which outlines your payment terms and responsibilities as a borrower, is completed and signed by you.
  • Your school is collaborating with the Ministry of Education to process and disburse your loan to meet your school-related expenses.
    The Ministry of Education assigns your agent (CornerStone) to assist you in repaying your loan at the time of your first disbursement (s).
    You will work with us to examine all of your payment, deferment, forgiveness, and registration choices now that you have been allocated to CornerStone.

Loan Services That MyCornerStoneLoan Offer?

Mycornerstoneloan.org will help you with practically any aspect of your federal student loans. CornerStone provides the following services:

  • Deferrals and Forbearances;
  • Monthly payment plans, including income-based reimbursement under REPAYE, PAYE, IBR, and ICR plans;
  • Loan consolidation;
  • Student loan forgiveness (for example, public service loan forgiveness program); and
  • Advice to release student loans

Is MyCornerStoneLoan Legit or Scam? | MyCornerStoneLoan Review

MyCornerStoneLoan is a genuine company. They have been giving federal student loans for over 35 years, as previously stated.

How to Login to MyCornerStone Loan?

To login to MyCornerStoneLoan, follow the procedures below

  1. visit mycornerstone.org which is the official website
  2. Click on Login and fill in your login information

Note you can only log in on mycornerstoneloan.org if you are already a member.

To become a member,

  • Visit the website mycornerstone.org
  • Click on create account
  • Fill in your personal information
  • On the second page, fill in your course detail
  • Now click on the signup button and you are good to go

How to Access your MyCornerStone Loan Account

  • Visit StudentAid.gov.
  • You can log into your StudentAid.gov account to see a complete list of your FFELP Loans and Direct Loans.
  • You’ll need your federal PIN to access the information.

Where to Make Payments to CornerStone for your Student Loan?

You can make your federal student loan payments online if you create an account.

To do that, visit myaccount.mycornerstoneloan.org/authentication/

You can also manage your account over the phone by calling CornerStone at 800-663-1662.

How to Make Payments to CornerStone for your Student Loan?

Online Payments

These are the steps to make a single payment online.

  1. Log in to account access
  2. Click “Make a Payment”
  3. Enter your payment information
  4. Click the “Make a Payment” button

Automatic Payments

As long as you are registered, self-pay perks include a 0.25 percent reduction in your interest rate. Each month, your money will be debited automatically from your account. It’s simple and quick to request an automatic payment.

Pay by Phone

Contact one of our credit specialists to make a payment over the phone. Payments can be made up to 60 days ahead of time.

Acceptable Payment Methods

MyCornerStoneLoan accepts electronic checks, paper checks, and money orders.

How to Payoff Your Loans?

Please contact us to negotiate your payment amount or check the payment amount listed on your online account if you plan to make a payment to refund your debt.

Your student loans accrue interest on a daily basis. As a result, it’s critical to provide the exact amount.

How to Contact CornerStone Loan?

You can email a CornerStone representative at customerservice@mycornerstoneloan.org.

You can also call them at their toll-free phone number: 800-663-1662.

You can also fax them at: 801-866-8400

Their mailing address is:

PO Box 145122
Salt Lake City UT
84114-5122

Or, if you want, you can visit CornerStone in person Monday – Friday, 8 am to 5 pm MST at:

Board of Regents Building, The Gateway
60 South 400 West
Salt Lake City UT  84101-1284

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