News & Articles

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  Is it time to submit your IDR renewal?

  If you are on an Income-Driven Repayment plan, you must submit an annual renewal request in order to prevent your monthly payment from increasing. Read more

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  Consumer Advisory: You don't have to pay for student loan assistance!

  Are they asking you to pay for student loan forgiveness? Walk away. Read more

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  How Payments are Applied to Newly Disbursed Loans

  If you took out more in student loans than you need, you can return the extra funds within 120 days of the disbursement date to save money on interest and origination fees. Read more

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  Finding Your Interest Rate

  Your interest rate varies depending on your loan type and the first disbursement date of the loan. Curious where to find this information? Read more

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  Parent Loan Deferment Option

  When the benefitting student of the PLUS loan you obtained is enrolled at least half-time at a Title IV school, you can request to have your PLUS loan put on a deferment. Read more

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  New to Edfinancial?

  If you have recently received a notification from Edfinancial Services, and you’re wondering who we are, it means that the U.S. Department of Education has selected Edfinancial as the servicer for your loan. Read more

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  Disaster Assistance is Available

  If you are a federal student loan borrower who has been impacted by a federally declared natural disaster, you may be eligible for assistance! Read more

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  Your Direct Loan Account Statement Has a Brand New Look

  This overview highlights the changes to your Direct Loan account statement to make it easier to find the information you need. Read more

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  How could an extra payment help?

  Ever wonder how an extra $10, $20, or $50 each month could impact your repayment? Use our Loan Repayment Calculator to help estimate your potential savings. Read more

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  Connect with us on Social Media!

  Edfinancial invites you to join us on social media at Facebook.com/Edfinancial and Twitter.com/Edfinancial. Read more

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  New REPAYE Plan

  Starting in mid-December 2015, the Department of Education will offer a Revised Pay As You Earn (REPAYE) Plan, improving the current Pay As You Earn Plan and becoming available for all Direct Loans. Read more

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  Preview the New and Improved Manage My Account

  We've redesigned Manage My Account (MMA), our online account access tool, so that it's easier to navigate and easier to view on your mobile device. Read more

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  Save Time and Upload Your Documents Online!

  You now have a new feature in Manage My Account (MMA) that will help speed up documentation processing times and keep your personal information more secure. Read more

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  You spoke and we heard!

  Coming in July 2015: Are you interested in receiving a quarterly account update to give you an overview of how your payments from the previous three months were applied to your loan balance? Read more

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  Student Loan Interest

  Ever wonder how your payments are being applied to your interest and principal balances? Get all the details on simple interest and your student loan payment. Read more

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  How could an extra $10 a month impact your student loan repayment?

  Ever wondered what an extra $10, $20 or $50 a month would mean to the repayment term and interest paid on your student loans? We have created a tool for you to see... Read more