What does EdFinancial Services do for student loans?
Edfinancial Services is your student loan servicer. We are here to answer your questions, help you with repayment plans, and process your student loan payments.
What should I do with my student loan deferral?
Because of the impact of deferment and forbearance on interest and loan forgiveness, it might be better to consider a different repayment plan such as an income-driven repayment plan. These plans base your monthly student loan payments on your income and family size. In some cases, your payment could be as low as $0 per month.
How can I consolidate my federal student loan?
You may apply for a Direct Consolidation Loan offered by the U.S. Department of Education and choose a servicer, like HESC/Edfinancial Services, and a repayment plan, such as an Income-Driven Repayment (IDR) Plan. Please be aware that there is no application fee to consolidate your federal student loans into a Direct Consolidation Loan.
When do I have to pay my EdFinancial loan?
If your loans have a standard, six-month grace period, your first payment will be due approximately six months after you graduate or drop to below half-time enrollment. Make sure Edfinancial has all of your current contact information and explore the different repayment plans and how to make your payments.
How to contact EdFinancial Services in Knoxville TN?
Direct Loans – submit documents for account numbers beginning with “F” to: Edfinancial Services P.O. Box 36008 Knoxville, TN 37930-6008 Fax: 800-887-6130 (toll free)
How can I make payments on my EdFinancial account?
Make sure Edfinancial has all of your current contact information and explore the different repayment plans and how to make your payments. There are multiple ways to make a payment. Consider registering for KwikPay ®, Edfinancial’s automatic-debit payment program, in Manage My Account.