National Collegiate Trust – formally known as National Collegiate Student Loan Trust, or NCSLT for short – is one of the biggest players in private student loan litigation. But you may never have heard of them. And you may not even realize that they claim to be the owner of your student loan.
Who, or What, is National Collegiate Trust?
NCSLT is not a student loan company; it’s not even a single organizational entity. There’s no call center, no corporate headquarters. Rather, NCSLT is a catch-all term used to describe dozens of individual trusts (the trusts are usually designated by a year and a trust designation – for example, “National Collegiate Student Loan Trust 2006-2”, or “National Collegiate Student Loan Trust 2007-1”). The NCSLT trusts contracts out student loan servicing operations and debt collection to various third parties (such as American Education Services, or AES), so you’ll probably never actually deal with one of the trusts directly.Read More