Key takeaways

  • Edfinancial Services is a student loan servicer
  • As a loan servicer, Edfinancial doesn’t originate loans, but helps manage them
  • If Edfinancial is your student loan servicer, you’ll receive a notification or you can contact the Federal Student Aid Information Center

Edfinancial Services is a student loan servicer that your lender may have chosen to service your student loans. This company has been operating in the student loan industry for more than 25 years, and its mission is to “do the right thing for [its] customers and each other.” As a student loan servicer, Edfinancial does not originate any loans of its own, so you can work with the company only if your lender moves your student loans into its hands.

If you have student loans and you received notification that Edfinancial Services will be taking over your loan, here’s what to expect.

What is Edfinancial and how does it work?

Edfinancial is not a student loan lender but rather a student loan servicer. Student loan servicers are in charge of helping borrowers successfully repay their student loans.

If Edfinancial Services is your servicer, it is the platform you will use to make your student loan payments and monitor your progress. The company also offers ways to apply for various types of assistance, whether you need to adjust your repayment plan or apply for deferment or forbearance.

Is Edfinancial Services legit?

While student loan scams are 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 works with.

Is Edfinancial a federal student loan servicer?

If you take out a federal student loan, the U.S. Department of Education will assign you to one of the student loan servicers that oversee federal student loans after your loan amount is first disbursed. Edfinancial is one of the seven student loan services for federal student loans.

How do I know if Edfinancial is my loan servicer?

Most borrowers find out about their new loan servicer when they receive an introductory letter or electronic correspondence. However, if you have federal student loans and you’re not sure if Edfinancial Services is your loan servicer, you can also call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243.

You may also find information about your student loan servicer(s) by checking your three credit reports from Equifax, TransUnion and Experian. Your credit reports include details on your current accounts (assuming the creditor or loan servicer shares information with the credit bureaus). You can access your credit reports for free through

What to do if Edfinancial Services is your servicer

If you discover that Edfinancial Services is your new loan servicer, there are a few basic steps you’ll need to take:

  • Find out when your next loan payment is due and when your future payments will be due each month after that.
  • Begin making your student loan payment(s) to Edfinancial Services on or before your payment due date each month. You can make payments online, by mail, by phone or via a bill pay service. You can also set up automatic payments.
  • Set up an online account with Edfinancial Services to manage your student loan(s) and communicate with your service provider when questions arise.

Can I switch from Edfinancial to another servicer?

Typically, you don’t have the option to change loan servicers. The only exceptions are if you consolidate your federal student loans with a Direct Consolidation Loan or refinance your loans with a private lender.

How to contact Edfinancial Services

If you want to reach out to Edfinancial Services directly, you have a few options. You can call the company at 800-337-6884 (for FFELP Loans and private loans) or 855-337-6884 (for Direct Loans) during the following business hours:

  • Monday: 8 a.m. until 9 p.m. EST
  • Tuesday through Wednesday: 8 a.m. until 8 p.m. EST
  • Thursday through Friday: 8 a.m. until 6 p.m. EST

You may also contact Edfinancial via mail, email or online chat. Military service members can reach out to Edfinancial Services on a designated line: 800-337-6884 or 855-337-6884, option four.

How to file a complaint with Edfinancial

Edfinancial Services does not offer a specific contact for customers who want to file a complaint. However, the loan servicer has plenty of contact options available. If you have a complaint to share with Edfinancial Services, your best bet is to call customer service and ask for assistance.

How to settle a dispute with Edfinancial

If you have a complaint with Edfinancial Services and you don’t believe that the company handled it properly, you can consider reaching out to the Federal Student Aid (FSA) Ombudsman Group of the U.S. Department of Education. According to the Department of Education, this group is a “neutral, informal and confidential resource to help resolve disputes about your federal student aid.”

While the Federal Student Aid (FSA) Ombudsman Group cannot serve as your advocate or overturn any decisions, it can help you:

  • Resolve discrepancies regarding your loan balances and payments.
  • Resolve issues with Federal Pell Grant disbursements or overpayments.
  • Review TEACH Grant conversions to loans.
  • Explain loan interest and collection charges on your account.
  • Come up with potential solutions to your issues.
  • Help you discern if you qualify for loan deferment or forbearance and loan cancellation or discharge.
  • Help you discover and compare loan repayment options.

You can also file a written complaint via the FSA website.

If you need to escalate a complaint with your student loan servicer, you can file a complaint with the Department of Education by logging into your account. You can also consider reaching out to the Consumer Financial Protection Bureau.

Bottom line

Edfinancial Services is a student loan servicer that has been in business for more than two decades. It is among a handful of student loan servicing companies that the Department of Education is currently contracting with. If you want to change to another loan servicer, your options include consolidating your federal student loans with a Direct Consolidation Loan or refinancing with a private lender. However, if you switch federal student loans to private loans, you will lose benefits such as income-driven repayment and forbearance.