If you graduated, withdrew from school, or dropped below half-time enrollment in May, your first student loan payment may be due soon. Payments are typically due each month, and Edfinancial will notify you via a loan disclosure letter of your payment amount and due date. If you're nervous about the bill, don't panic! There are several repayment plans available that are designed to meet your needs, including plans that base your payment amount on your income. Depending upon your situation, you may also qualify for a deferment or forbearance, which will allow you to temporarily postpone payments on your loan. We're here to help - don't hesitate to contact us if you need assistance.
Learn more about repayment
Things to Do Before Student Loan Repayment
- If you haven't done so already, create an online account by registering for Manage My Account and consider enrolling in electronic mail delivery, eStatements.
- Make sure your contact information is up-to-date, including your phone number, mailing address and email address.
- Review your financial situation to determine if you can afford the standard monthly payment.
Things to Remember