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Edfinancial has no record of this case being dropped and continues to keep all of my loans in borrower defense status, accruing and capitalizing interest each and every day. For those of you who are excited about that 1/30/40 date, don’t be. It is a deceptive way for edfinancial to capitalize the interest and add it to your overall balance.
Effective 2/7/2023, Edfinancial Services will begin moving to a new student loan servicing system to better serve you! Edfinancial Services will continue to be your student loan servicer and will remain in communication with you regarding updates to your account. Importantly, we will notify you when the transfer process is complete and you will ...
Is Edfinancial really a bad loan service provider? I am new to student loans and when I searched up edfinancial here, I found a lot of negative posts about it. I'm scared now because FAFSA automatically made me use edfinancial. I'm still studying and I may transfer to a different college next year.
EdFinancial Services is the name of a legitimate servicer for federal student loans - they hold the loans I'm currently paying. Whether the email is really from them or someone phishing is a different question.
EdFinancial gets everything wrong multiple times. The est payoff date is wrong, the amount owed is wrong, the payment due date is wrong, Dept of Ed through SAVE is discharging the loans next May-July when deferment forbearance period is applied to 20-25 year old loans. EdFinancial extended the loan payoffs by 10 years, 11 years originally.
EdFinancial Services Sucks. Just finished law school in May. Applied to consolidate my loans in September. I’ve been checking the federal student aid website at least twice a week since then to check the progress and it has said that the application is being processed by edfinancial, and it still says that. Applied for SAVE at the same time ...
Contact actual ED Financial and ask them to verify the URL and email you received. Opt in 2FA for all your existing bank accounts. EdFinancial is in the process of transferring accounts to a new system. It's legit. There is a possibility you did. This sounds like a social engineering attempt.
9/24 (today) - we get a message from EdFinancial saying "Billing Statement Not Enrolled in Auto Pay " (my emphasis) says it covers the period of 8/25-9/24 and is due 10/21. says we owe our new payment of $19.21 PLUS a past due amount of $17.85 (weirdly it says we owe a past due amount on only 7 of the 8 loans, with the very first of the grad ...
Thank you for contacting Edfinancial Services. At your request, we have provided information regarding the on-ramp transition period. Under legislation enacted by Congress, the student loan payment pause has ended. Interest began accruing on September 1, 2023, and payments resumed in October.
Now Edfinancial doesn’t recognize my login and it doesn’t even recognize my social security number when I try to reset my password. When I try to get in contact with them I’m just put on hold forever, they haven’t responded to my email, their chatbot is useless.