![]() Learn more about the Life Cycle of a Student 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. It is important to work with your school's financial aid office and keep up with deadlines or other requirements. While you are in school and enrolled at least half-time, you don't have to make any student loan payments, and you can focus on your studies. Once you have created your new online account at /MyAccount look for the “Apply Now”. Income documentation is currently not required. You may be eligible for an income driven repayment plan and potentially reduce your monthly payment amount to as low as $0. For the latest information regarding the status of student debt relief, visit. The Biden-Harris Administration is seeking to overturn those orders. Visit /coronavirus for updates.Ĭourts have issued orders blocking student debt relief. In the meantime, please feel free to visit /announcements-events/edfinancial-system-transfers for more information. We will remain in contact with our customers throughout this process to provide important updates to your account. Visit /coronavirus for updates.Įdfinancial Services is transitioning to a new loan servicing platform which will allow us to provide an even better customer experience. We will notify borrowers before payments restart. If the debt relief program has not been implemented and the litigation has not been resolved by J– payments will resume 60 days after that. Department of Education is permitted to implement the debt relief program or the litigation is resolved. The student loan payment pause is extended until the U.S. One-Time Student Loan CancellationĬourts have issued orders blocking student debt relief. ![]() ![]() Edfinancial Transitioning Loan Servicing PlatformsĮdfinancial Services is transitioning to a new loan servicing platform which will allow us to provide an even better customer experience.
0 Comments
Leave a Reply. |