Payments are Resuming Soon
Student loan interest has resumed effective September 1, 2023, and payments will be due starting in October. You will receive your billing statement at least 21 days before your payment is due.
Actions you can take to prepare:
- Edfinancial Services moved to a new servicing platform earlier this year. If you have not done so already, create a new online account at Edfinancial.com/MyAccount.
- Explore affordable repayment plans, including the new Saving on a Valuable Education (SAVE) Plan (formerly the REPAYE plan). You can apply right from your online account, and income documentation is currently not required!
- Sign up for automatic payments and save 0.25% on your interest rate!
For the most updated information on the restart of student loan payments, please visit StudentAid.gov/restart.