Understanding Your Monthly Bill

About Your Monthly Bill

Don't Want Paper?

Enroll in Paperless Billing today!

Sample FedLoan Servicing Billing Statement

Select each "starstar" icon to learn more about the information on your bill.

Arrow Still have questions about your bill? Contact us.

Arrow Want to provide feedback on our new bill format? Take our survey.

  • Account Number

    The 10-digit number assigned to you.

    Use this number when making any type of payment or when contacting our office via telephone communication or written correspondence.

  • Total Due by XX/XX/XXXX

    Make sure we receive your payment by 5:00 PM on this date so it can be posted to your account on time.

    Also, avoid making payments on weekends and holidays because they may not be posted on the date we receive your payment.

  • Date Disbursed

    The date the government released the loan funds.

    We use this date to organize your loans.

  • Loan Program

    This is your loan type.

    It is useful if you ever decide to apply for another payment plan because different plans have different loan program requirements.

  • Outstanding Interest

    Shows the amount of interest that has not yet capitalized (been added to your principal balance).

  • PSLF

    Shows the amount of qualifying payments you have made towards Public Service Loan Forgiveness (PSLF). This field will only appear if you have an approved Employment Certification Form.

  • Monthly Payment

    Shows the breakdown of your monthly payment for each loan.

    The total of this column makes up your monthly payment amount.

  • Current Due

    Total amount due for this billing cycle.

    Paying ahead, or paying more than your monthly installment, can help you pay off your loans faster. To learn more about how to get started budgeting, visit our Budget Central page.

  • Conditional Text

    Shows additional information that will be helpful when reviewing your monthly bill. Reminder, this information can change month to month so make sure you are reviewing this each month!

  • Total paid since your last statement

    The total amount of your last payment.

    The value is the sum of the interest, principal, and fees.

  • As of today, you've paid on your loans

    The total amount paid to date on your loans, including amount paid toward interest, principal, and fees.