News & Articles Interest Rates for New Loans Interest rates are subject to change on July 1st of each year. Find the interest rate for your new loans disbursed on or after July 1, 2018. Read more Going on vacation? If you have previously used the full grace period on your loan, you can request a summer bridge extension to cover payments due between the spring and fall terms. Read more 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 Going Back to School? You may be eligible to postpone your student loan repayment. Read more July 1 Interest Rates Interest rates for new Direct Loans become effective on July 1st each year. Read more 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 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 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 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 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 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 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 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 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 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 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 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 Share this article: Share via Facebook Share via Twitter Share via Email Print this page