How to Read Your Billing Statement

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1. Account Number: Your 10-digit account number with us.
   Learn more about your account number.
2. Date Billed: When we generate your bill.
3. Date Due: When you must pay the total amount for this bill to avoid delinquency.
4. Date Last Payment: When we received your last loan payment.
5. Principal Amt Last Payment: How much of your last payment went toward your total outstanding principal balance.
6. Interest Amt Last Payment: How much of your last payment went toward satisfying your accrued outstanding interest.
7. Late Fee Amt Last Payment: How much of your last payment went toward outstanding late fees.
8. Total Amount Last Payment: The amount of your last loan payment.
9. Bill Type: One of the following:
   • Install (Installment)—Regular monthly payment.
   • Interest—Quarterly or monthly interest you must pay to prevent delinquency or interest capitalization.
   • Int Notice (Interest to be capitalized)—Statement of outstanding interest that will capitalize if not paid.
10. Amount Past Due: Total unpaid amount from the previous billing cycle.
11. Current Due: Total amount you owe for the current billing cycle.
12. Total Principal & Interest Due: Amount Past Due + Current Due.
13. Outstanding Late Fees to Date: Total assessed late fees as of the billing date.
14. Loan Sequence: A reference number for your specific loans; use when communicating with us about your loans.
15. First Disb: First disbursement date for each loan.
16. Your loan type (i.e. Stafford, PLUS, etc.).
17. Status: One of the following:
    • Repay (Repayment)—Monthly payments.
    • Inter (Interim)—In school.
    • Defer (Deferment)—On deferment and not due for regular monthly payments. You're responsible for interest on unsubsidized loans.
    • Forb (Forbearance)—On forbearance and not due for regular monthly payments. You're responsible for interest on both subsidized and unsubsidized loans.
    • Grace (Grace Period)—Time (usually 6 months) between leaving school and starting your monthly loan payments. You're responsible for interest on unsubsidized loans.
18. Owner: Name of the current owner of each of your loans.
19. Monthly Installment Amount: Scheduled installment amount due each month.
20. Int Rate: Rate at which interest is currently accruing (this can be a fixed or variable rate).
21. Balance: Includes principal only; does not include accrued interest and is not your total payoff amount.
22. Amount Past Due: Unpaid amounts for each loan from the previous billing cycles.
23. Current Amount Due: How much you owe for the current billing cycle.
24. Total Amount Due: Amount Past Due + Current Amount Due.
25. Received After This Date: When we will assess late fees.
26. Late Fee to be Assessed: The amount of the late fees.
27. Change of Address: Notifies us to look for a change to your address or telephone number on the back of your billing stub. You can also make changes online by signing in to your account.
28. Amount Paid: Where you write the amount of your check or money order.
29. Address: Where to mail your payment to ensure prompt processing.

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1. Original Principal Amount: The original outstanding amount of the loan.
2. Total Interest Paid: The total amount of interest paid to date on the loan since it was first disbursed.
3. Total Fees Paid: The total amount of fees paid to date on the loan since it was first disbursed.
4. Total Principal Paid: The total amount of principal paid to date on the loan since it was first disbursed.
5. Aggregate Amount Paid: The total amount paid to date on the loan, including amount paid toward interest, fees, and against the principal.

Note: Total Interest Paid, Total Fees Paid, Total Principal Paid, and Aggregate Amount Paid values do not reflect payments made while your loan(s) was serviced elsewhere.