We recommend enrolling in KwikPay (auto-debit) so you don’t have to remember to make a payment each month, but there are several other convenient options available as well. Find the payment method that works best for you.Create your online account to access your loan details, review important updates, make payments, and much more.New website and account interface for managing your loans with Edfinancial (you will need to register as a new user).New account number unique to your loans serviced by Edfinancial.New payment address, correspondence address, and contact information.Correspondence preference (electronic or US postal mail).Eligibility for deferments, forbearances, and loan forgiveness.Current balance, interest rate, and remaining time left to repay loans.The good news is that not much will change with how your loans are serviced! For example, these will all remain the same:
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Visit Ways To Pay to learn more about how to make payments with Edfinancial.
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You will need to update these methods at some point if you have not done so already. Important questions to ask now are: How were you making payments previously? Did you use an automatic payment system? Reviewing and updating your payment method and contact information can help you stay on track with your student loans. In order to make payments, change repayment plans, monitor your loans, and more, you will need to register a new account with Edfinancial. You will soon no longer be able to access your loan information via your previous servicer. One of the best ways to guarantee up to date information is to register now for account access via Manage My Account.
Be on the lookout for emails or postal mail from us. What happens now?Įdfinancial will be in touch with information and alerts regarding your student loans. Your account at will be updated to reflect your updated servicer information within 7 to 10 days after your loans are transferred. To view all your federal loans, including those with other servicers, visit. You can find out which of your loans Edfinancial is servicing by creating an account on our website and logging in to view your Account Summary. It is possible you have other student loans serviced by another servicer. We also help you manage repaying your loans, and we are happy to answer any questions or concerns you may have about this process. Our responsibility to borrowers includes keeping you up to date about your loans. Department of Education (ED) to service your federal student loans. If you would like to opt out of debt relief for any reason, please speak with one of our agents who will be happy to assist you!Įdfinancial is a student loan servicer selected by the U.S. If you would like to opt out of debt relief for any reason, please speak with one of our agents who will be happy to assist you! COVID-19 UpdatesĬOVID-19 emergency relief for federal student loans has been extended through December 31, 2022. 31, 2022) and your current loan balance is below the amount of debt relief you’ll receive, after you successfully apply for and receive debt relief under the Administration's debt relief plan, we’ll automatically refund the amount you paid during the payment pause (only up to the remaining amount of your eligible debt relief). If you made voluntary payments during the payment pause (from March 13, 2020, through Dec. We will contact you when your debt relief has been applied to your account. If you received an email from that you are eligible for debt relief without filling out an application, there is no action you need to take. If you meet the income requirements, but aren’t sure if you have eligible federal loans, there is no penalty to applying. All borrowers who meet the income requirements are encouraged to apply.
You don’t need to log in or provide any documents. Filling out the application takes just a few minutes. Borrowers have until December 31, 2023, to apply. The Student Loan Debt Relief Application is now available on.
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