A federal court issued an injunction preventing the U.S. Department of Education from implementing parts of the Saving on a Valuable Education (SAVE) Plan and other IDR plans, including – for example – SAVE’s monthly payment formula and loan forgiveness under SAVE, PAYE, and ICR plans. Please check StudentAid.gov/saveaction for more information.
Borrowers can now apply for income-driven repayment (IDR) plans electronically rather than needing to upload an application to our website. Please visit StudentAid.gov/IDR to submit your application. If you already submitted an application through our portal you do not need to apply again.
Our offices will be closed on Monday, November 11th, in observance of Veterans Day. Please note this may result in a higher-than-average call volume following the holiday. We ask for your patience and apologize for any inconvenience this may cause. Edfinancial would like to thank all veterans for your service to our country.
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