Facing repayment soon?

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.

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

• There are different repayment plans available that could lower your monthly payment amount.
• Several deferment and forbearance options are also available to temporarily suspend repayment if you cannot afford payments at all.
• An automatic debit payment option is available to help take the hassle out of making monthly payments.
• There are multiple ways to make a payment. 
• You can log into Manage My Account and select "Payments" in the top menu to explore various repayment plans.
• Keep in touch with us if you need help to successfully manage your student loan repayment.