Important Announcements

On Oct. 30, 2025, the U.S. Department of Education published final Public Service Loan Forgiveness (PSLF) program regulations that will be effective on July 1, 2026. We’ll provide updates when the regulations are implemented. For now, there are no impacts to borrowers, payment counts, or discharges. 

Visit StudentAid.gov/publicservice for more information about PSLF and current program requirements. 

For more information about employer eligibility, visit StudentAid.gov/pslf/employer-search. 

To apply for PSLF, use the PSLF Help Tool at StudentAid.gov/pslf. 

A federal court issued an injunction preventing the U.S. Department of Education from implementing the Saving on a Valuable Education (SAVE) Plan and parts of other income-driven repayment (IDR) plans.

Edfinancial Updates

Government Shutdown: As of October 1, 2025, the Federal government has shut down. We will continue being available for assistance as the shutdown currently does not have any impact on your federal student loans. You may contact Edfinancial if you have any questions or need assistance regarding your account. For updates, please visit StudentAid.gov.

SAVE: The U.S. Department of Education previously notified borrowers with loans in the SAVE forbearance that interest began accruing August 1, 2025. Visit StudentAid.gov/SAVE for details, including how to stay on track for Public Service Loan Forgiveness and Income Driven Repayment Forgiveness.

Disaster Assistance

If you are a federal student loan borrower who has been impacted by a federally declared natural disaster, you may be eligible for assistance!

Forbearance

If you are a borrower in repayment who was adversely affected by a disaster and is having trouble making payments on a federal student loan, you qualify for administrative forbearance of loan repayment for a period of up to three months. During forbearance, payments are temporarily postponed or reduced. However, interest is still charged during the forbearance period. Please contact us to request this forbearance.

In-School Status

If you are a federal student loan borrower who was not able to complete your school year as a result of the disaster, you will be provided with an extended “in-school” status until you officially withdraw or re-enroll in the next regular enrollment period, whichever is earlier. This action will prevent you from entering repayment status on your loans. Contact your school to request this action.

School Closure

If you are a federal student loan borrower that received loan funds to attend a school identified as “closed school” and, due to the school’s closure, you did not complete the program of study at that school you may be eligible for forgiveness of your loan(s). Please review the terms and conditions listed on the School Closure Loan Discharge Application for additional information.

Additional Resources

Here are some additional resources that may be helpful to you.

If you have additional questions, please contact us.

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