What is a payoff statement? How do I get one?
What is a payoff statement? How do I get one?
Laurel Road requires a 30-day payoff statement to finalize your loan offer so that we can pay off your current lender(s) in order to become your new lender. A payoff statement is a document from your current lender that considers future dated interest and tells us exactly how much we need to pay them in order to bring your balance with them down to $0. This is different from the monthly statement you receive and is typically generated when the borrower requests it from the lender either online or by phone. Here is some of the information you can find in a payoff statement: Principal balance: This is the amount you owe without any new interest that may be accrued. The principal is based on your original borrowing amount plus any compounded interest. Accrued interest: This is the amount of interest that has accrued since your last payment and is included in the total payoff amount. Payoff amount: This is the amount required to pay off the loan in full, which includes the total principal balance plus any accrued, unpaid interest through the payoff date. This is the amount you need to pay off your current lender. Good-until date: Loan interest accrues regularly, so a payoff statement won't be accurate past the noted date. After this date, your payoff balance will change. Payoff statements or payoff information can usually be found within your online account with the lender, or you can simply call them to request a copy. We recommend keeping a copy of the payoff statement you receive just in case you need to verify any of the information later. If you are having trouble obtaining a payoff statement within your online account, please call your current lender directly for more information. The lender list below may not be a complete list of all student loan lenders and the contact information provided is subject to change.
American Education Services (AES)
1-800-233-0557
Aspire Servicing Center
1-800-243-7552
Cornerstone
1-800-663-1662
DSF/EdFinancial Services
1-855-337-6884
ESCI
1-888-549-3274
FedLoan Servicing (PHEAA)
1-800-699-2908
Firstmark Services (FMARK)
1-888-538-7378
Granite State (GSMR)
FFELP & Private Loans: 1-800-719-0708 Direct Loans: 1-888-556-0022
Great Lakes Education Loan Resources
1-800-236-4300
Higher Education Student Assistance Authority (HESAA)
1-609-584-4480
Kentucky Higher Education Student Loans Corporation (KSLC)
1-800-693-8220
Missouri Higher Education Loan Authority (MOHELA)
1-888-866-4352
National Education Servicing (NES)
1-800-345-4325
Navient
FFELP and HEAL Loans: 1-877-713-3833 U.S. Department of Education Student Loans: 1-800-722-1300 Private Loans: 1-888-272-5543
Nelnet
1-888-486-4722
Sallie Mae
1-800-472-5543
South Carolina Student Loan (SCSL)
1-800-347-2752
Tru Student
1-866-869-1592
University Accounting Services (UAS)
1-800-999-6227
Utah Higher Education Assistance Authority (UHEAA)
1-877-336-7378
VSAC Federal Loans
1-888-932-5626
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- what is a payoff statement how do i get one
- what is the problem with student debt
- federal student loan repayment program calendar
- minnesota s student loan forgiveness and
- student loan forgiveness and repayment programs
- military student loan benefits federal student aid
- public service loan forgiveness pslf student aid
- fact sheet protecting student loan borrowers april 28
- navigating the isir analysis tool
- final draft
Related searches
- how do i get a home loan
- how do i get a car loan
- how do i get a business loan
- how do i get money from fafsa
- how do i get my fafsa money
- how do i get benefitnow drafts
- how do i get my credit report
- how do i get my book published
- how do i get full screen back
- how do i get administrator permissions
- how do i get a email address
- how do i get a business license