LetterCode:^P290^|SelectInsertBins:^000000^|IgnoreBins:^000100^|SystemID:^ED^|BarCode:^*1516824010125452799*^|Placeholder:^ECC-Batch-Class^|^StartofRecord^
Edfinancial Services
P.O. Box 36008
Knoxville, TN 37930-6008
1-855-337-6884
NYEMBO MORISHO
1000 S WOODLAWN BLVD
APT 121
WICHITA KS 67218-3618
ACCOUNT: 1516824010-1 July 1, 2024
Dear NYEMBO MORISHO:
We value you as a borrower, and want to make sure that you’re prepared to begin repaying your student loans when the time comes. It is
important that you stay informed about your student loan balance and accrued interest. Below we’ve provided a snapshot of your current student
loans, along with your outstanding principal balance, accrued interest, interest rate and current balance.
If you have any student loans in repayment, we will send a billing statement three weeks before your due date. If you don’t have any payments due
right now, you still have the option to begin paying on your student loans, including paying down interest on any unsubsidized loans, which will
save you money in the long run. You can also log in to your [Link] account to see the current balance on your student loans,
and to learn more about repayment, repayment plans, and other options available to you. Use our calculators at
[Link]/repaycalc to help you estimate your potential loan repayment time and savings options.
Payment amounts are determine based on many factors, including the outstanding principal balance, accrued interest, interest rate, income, and
family size of each borrower. In order to help you understand how monthly payments are calculated when your loans are in repayment, we have
provided three sample charts on the back of this letter. These charts demonstrate how a regular monthly payment amount is calculated, and how
much of that payment will go toward the principal balance and toward interest.
Just know that we’re here for you when you need us.
You never have to pay a fee for help with your federal student aid. If you have questions or concerns about your loan payments, you can contact
Edfinancial Services for free help through your online account or by visiting [Link]/Contact.
You might be contacted by a company via phone, email, or postal mail saying they will help you get loan discharge forgiveness, cancellation, or
debt relief for a fee. Make sure you work only with the U.S. Department of Education’s loan servicers, like Edfinancial Services and never reveal
your personal information or account password to anyone.
Learn to avoid student aid scams. Our emails to borrowers come from info@[Link]. You can report scam attempts to
the Federal Trade Commission by calling 1-877-382-4357 or by visiting [Link].
Visit [Link]/MyAccount to access your account information, review repayment options, sign up for Auto Pay, or enroll in
electronic correspondence.
If you have questions about your account, contact us at [Link]/Contact or call us at 1-855-337-6884. Our automated voice
response system is available 24 hours a day and a live representative is available Monday 8:00 a.m. to 9:00 p.m., Tuesday through Wednesday
8:00 a.m. to 8:00 p.m., and Thursday through Friday 8:00 a.m. to 6:00 p.m. ET.
Edfinancial Services is an official servicer of Federal Edfinancial Services | NMLS ID: 1509247 | P.O. Box 36008 | Knoxville, TN 37930-6008 1-855-337-6884 |
Student Aid, an Office of the U.S. Department of CustomerCare@[Link]
Education. [Link]
Learn more at [Link]
@Edfinancial @Edfinancial
*1516824010125452799*.SYSTEM.P290
*1516824010125452799*
Sincerely,
Edfinancial Services
* See next page for additional information on the loan(s) referred to in this letter.
Disbursement Date Program Outstanding Principal Balance Accrued Interest Interest Rate Current Total Balance
10/17/23 DLSUB $ 3,500.00 $ 0.00 5.500 $ 3,500.00
10/17/23 DLUNSUB $ 6,000.00 $ 176.15 5.500 $ 6,176.15
BASED ON: $10,000 balance / 4.66% interest rate / AGI of $35,000 / Family Size of 1
Repayment Plan Repayment Period Initial Payment Final Payment Total Interest Paid Total Amount Paid
Standard 120 Months $105 $105 $2,553 $12,553
Graduated 120 Months $59 $177 $3,203 $13,203
Extended-Fixed Not Eligible
Extended-Graduated Not Eligible
Income-Based Repayment (IBR) Not Eligible
IBR for New Borrowers Not Eligible
Pay As You Earn (PAYE) Not Eligible
Saving on a Valuable Education (SAVE) Plan (formerly the
REPAYE program) 67 Months $143 $207 $1,485 $11,485
Income-Contingent Repayment (ICR) 176 Months $73 $87 $3,981 $13,981
BASED ON: $20,000 balance / 4.66% interest rate / AGI of $35,000 / Family Size of 1
Repayment Plan Repayment Period Initial Payment Final Payment Total Interest Paid Total Amount Paid
Standard 120 Months $209 $209 $5,105 $25,105
Graduated 120 Months $118 $354 $6,407 $26,407
Extended-Fixed Not Eligible
Extended-Graduated Not Eligible
Income-Based Repayment (IBR) Not Eligible
IBR for New Borrowers 139 Months $143 $209 $6,393 $26,393
Pay As You Earn (PAYE) 139 Months $143 $209 $6,393 $26,393
Saving on a Valuable Education (SAVE) Plan (formerly the
REPAYE program) 127 Months $143 $289 $6,159 $26,159
Income-Contingent Repayment (ICR) 176 Months $147 $174 $7,962 $27,962
BASED ON: $35,000 balance / 4.66% interest rate / AGI of $35,000 / Family Size of 1
Repayment Plan Repayment Period Initial Payment Final Payment Total Interest Paid Total Amount Paid
Standard 120 Months $366 $366 $8,934 $43,934
Graduated 120 Months $206 $619 $11,212 $46,212
Extended-Fixed 300 Months $199 $199 $24,561 $59,561
Extended-Graduated 300 Months $137 $332 $30,102 $65,102
Income-Based Repayment (IBR) 154 Months $215 $366 $12,987 $47,987
IBR for New Borrowers 211 Months $143 $366 $20,245 $55,245
Pay As You Earn (PAYE) 211 Months $143 $366 $20,245 $55,245
Saving on a Valuable Education (SAVE) Plan (formerly the
REPAYE program) 207 Months $143 $449 $20,168 $55,168
Income-Contingent Repayment (ICR) 176 Months $257 $305 $13,933 $48,933
Edfinancial Services is an official servicer of Federal Edfinancial Services | NMLS ID: 1509247 | P.O. Box 36008 | Knoxville, TN 37930-6008 1-855-337-6884 |
Student Aid, an Office of the U.S. Department of CustomerCare@[Link]
Education. [Link]
Learn more at [Link]
@Edfinancial @Edfinancial
*1516824010125452798*.SYSTEM.P291
*1516824010125452798*
