edfinancial.com.\n\n\n
Edfinancial Services (HFP Services, LLC) is one of the primary federal student loan servicers designated by the U.S. Department of Education, managing Federal Direct Loans, FFELP loans, and commercial student loans for millions of borrowers nationwide.
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Whether you need to log in to the modernized Edfinancial borrower portal, submit a monthly student loan payment, set up AutoPay for a 0.25% interest rate reduction, apply for Income-Driven Repayment (IDR / SAVE) plans, or download your annual Form 1098-E tax statement, this comprehensive guide covers every repayment option and verified borrower support channel.
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Edfinancial Borrower Portal Features & Rate Discounts Breakdown
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Review digital loan tools and repayment benefits:
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| Feature | Specification | Borrower Value |
|---|---|---|
| AutoPay Interest Rate Deduction | 0.25% APR Discount | Reduces loan interest rate automatically on active bank drafts |
| Online Monthly Payments (ACH) | $0.00 (Free) | Immediate same-day credit when submitted before 4:00 PM EST |
| Income-Driven Repayment (IDR) | Based on income & family size | Monthly payments as low as $0/month with loan forgiveness tracks |
| Form 1098-E Tax Statements | 24/7 Digital Access | Deduct up to $2,500 in student loan interest on federal tax returns |
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How to Pay Your Edfinancial Student Loan Online (Step-by-Step)
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- Navigate to: edfinancial.com/myaccount.
- Enter your Username and Password and click “Log In” (or click “Create an Account” with your SSN and DOB).
- From your dashboard, click “Make a Payment”.
- Select payment option: Current Amount Due, Total Balance Payoff, or Custom Amount.
- Enter your checking account routing number and bank account number.
- Designate how extra payments should be allocated across specific loan groups.
- Submit payment to receive an instant electronic confirmation receipt.
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How to Set Up AutoPay for the 0.25% Interest Rate Discount
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- Log into your Edfinancial Online profile.
- Navigate to Payments > AutoPay Enrollment.
- Link your checking or savings account.
- Authorize the monthly recurring draft on your payment due date.
- Your interest rate will automatically drop by 0.25% as long as AutoPay remains active.
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Alternative Payment Channels
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- Pay by Phone: Call Edfinancial automated telephone banking toll-free at 1-855-337-6884.
- Pay by Mail: Send payment check or money order with statement voucher (and 10-digit Edfinancial Account Number on check) to:
\n For Direct Loans:
\n US Department of Education – Edfinancial
\n P.O. Box 790322
\n St. Louis, MO 63179-0322\n For FFELP Loans:
\n Edfinancial Services
\n P.O. Box 36008
\n Knoxville, TN 37930-6008
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Edfinancial Services Support Directory
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- Direct Loans Borrower Support: 1-855-337-6884 (Mon–Thu 8:00 AM – 9:00 PM EST, Fri 8:00 AM – 8:00 PM EST)
- FFELP Commercial Loans: 1-800-337-6884
- Hearing Impaired (TTY): 711
- Official Servicing Portal: edfinancial.com
- Corporate Office: Knoxville, TN
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Frequently Asked Questions (FAQ)
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What is my Edfinancial Account Number?
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Your Edfinancial account number begins with an “F” followed by 9 digits (for Federal Direct Loans) or an 8-to-10 digit number printed on your monthly billing statement.
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Can I apply for Public Service Loan Forgiveness (PSLF) with Edfinancial?
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Borrowers pursuing PSLF must have their loans serviced by MOHELA (the official PSLF servicer). Submitting an approved PSLF Employment Certification Form will automatically transfer your loans from Edfinancial to MOHELA.
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Related Education & Loan Guides:\n
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Disclaimer: BillPayment.guide is an independent education loan guide and is not affiliated with, endorsed by, or operated by Edfinancial Services or the U.S. Department of Education. All trademarks belong to their respective owners.
Anisur Rahman brings over 17 years of experience at the intersection of complex technology and digital strategy to BillPayment.guide. Active in the digital space since 2009, Anisur uses his deep industry insights to break down financial technologies, secure online payment methods, and digital platforms. His actionable guides help readers navigate the fast-paced digital economy and manage their online transactions with confidence.
