Understanding Your Monthly Billing Statement

General Overview

Your student loan billing statement contains all the most important information regarding your account. You will receive your statement about three weeks before your payment is due each month.

View Sample Statement

Loan Account Details

See a snapshot of your most recent essential account information in the Loan Account Details section of your statement.

Account Notifications and Contact Information

Find contact information for our customer service representatives on each statement. Your Edfinancial account is also accessible 24/7. Under the online account log in information, you’ll find notifications specific to your account to keep you updated on upcoming deadlines and recent activity.

Making a Payment

If you are currently receiving and making payments by mail, cut the coupon off the bottom of your statement and send it in with your check. Don’t forget to include your account number, on your check every month. If you are signed up for electronic correspondence, the statement will direct you to log in to your account and make a payment there.

Account Snapshot

On the back of your statement you will find itemized loan information. Loans are grouped by the same loan type and interest rate. Here you can view your interest accrual, current balance, payments received, and other loan details.