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Is Ed Financial Services legit?
While student loan scams are all too common, Edfinancial Services is a legitimate student loan servicing company. It has a long history in the student loan business and is one of the few servicers the U.S. Department of Education contracts with.
Is the student loan forgiveness program legitimate?
The U.S. Department of Education (ED) offers some legitimate student loan forgiveness programs and ways to lower your student loan payments–all free to apply for through your official loan servicer. If a debt relief offer from a private company seems too good to be true, it probably is.
Are phone calls about student loan forgiveness real?
Borrowers have reported receiving phone calls, emails, letters, and/or texts offering them relief from their federal student loans or warning them that student loan forgiveness programs would end soon.
Is EdFinancial federal or private?
As of July 1, 2010, all federal student loans are funded by the federal government through the Federal Direct Loan Program. Loan types include Direct Subsidized, Direct Unsubsidized, Direct Parent PLUS, Direct Graduate Student PLUS (GradPLUS) loans, and Direct Consolidation loans.
Is Edfinancial Services a collection agency?
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. (But we’ll talk more about student loan scams later.) EdFinancial is a student loan servicer—and they might even be your loan servicer.
Is edfinancial services a collection agency?
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 federal student loan servicer?
Edfinancial is a student loan servicer selected by the U.S. Department of Education (ED) to service your federal student loans. Our responsibility to borrowers includes keeping you up to date about your loans.
Can EdFinancial loans be forgiven?
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.