Edfinancial Services > Our Services > Repayment Servicing

Repayment Servicing

We strive to answer all customer calls within 30 seconds, and our call recording software ensures quality customer service while facilitating training.  Edfinancial's call center philosophy is "one call resolution" - there's no pressure to rush callers.  In dealing with past-due borrowers, our debt management representatives function as counselors rather than collectors.

We always go above and beyond to maximize service for our customers.  For example, federal regulations require that servicers make at least four diligent efforts to contact borrowers by phone and send four letters up to the 180th day of delinquency.  Throughout the collection process, Edfinancial performs additional steps on behalf of our partner lenders and schools, exceeding requirements and expediting the collection process.

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Solutions for higher education

Did you know?

Some federal student loan borrowers are eligible for lower payments with Income-Based Repayment.

Recent changes affect how you will apply for and receive federal student loans for the 2010-2011 academic year.