Is edfinancial federal student loan?

Edfinancial does not originate federal student loans. To learn how you can apply for federal student loans, visit https://studentaid.gov.

Is edfinancial a loan servicer?

Edfinancial is a student loan servicer selected by the U.S. Department of Education (ED) to service your federal student loans. To view all your federal loans, including those with other servicers, visit StudentAid.gov.

Is Ed Financial the same as Ed America?

Edfinancial Services is a private company headquartered in Knoxville, TN with branch offices in Little Rock, AR. Edamerica provides third-party services for colleges and universities nationwide. Solutions include contact center, student engagement, default prevention, consulting and financial aid support services.

What kind of loan is edfinancial?

Loan types include Direct Subsidized, Direct Unsubsidized, Direct Parent PLUS, Direct Graduate Student PLUS (GradPLUS) loans, and Direct Consolidation loans. These student loans have low interest rates and flexible repayment terms.

Does paying school loans build credit?

Paying on time is the most important factor affecting your credit score. Making regular, on-time payments on student loans will help build credit. If you’ve used only one type of credit before, like a credit card, then having a student loan is good for your score because it helps your credit mix.

Is EdFinancial legitimate?

If you’ve been contacted by EdFinancial and wondered if they were scamming you, don’t ignore the letters or the emails. They’re legit. EdFinancial is a student loan servicer—and they might even be your loan servicer. They service loans for 15 leading U.S lenders, including private banks and state agencies.

What do you need to know about EdFinancial Services?

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. We’ve been in the student loan industry for over 25 years, striving to find a better way every day to deliver exceptional student loan servicing for students and families nationwide.

How to contact EdFinancial loan servicing Knoxville TN?

You can reach EdFinancial customer service through the following: Phone number: (800) 337-6884. Hours of operation: 8-8:30 p.m. Mon-Thu and 8-6 on Fri. (EST) General mailing address: Direct Loans: Edfinancial Services P.O. Box 36008 Knoxville, TN 37930-6008. FFelp or Private Loans: Edfinancial Services P.O.Box 36014 Knoxville, TN 37930-6014

Why are there so many problems with EdFinancial loans?

A few problems resulted from switches from EdFinancial to other servicers. In one case, after a borrower’s loans had transferred away from EdFinancial, EdFinancial reported to the credit bureaus that the loans were delinquent. After a simple transfer, this borrower’s credit tanked because of seemingly false reports from EdFinancial.

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.