Understanding Your Monthly Bill

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Sample FedLoan Servicing billing statement

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Bill
  • 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.

    Account Number
  • Date Billed

    The date we print your bill.

    Date Billed
  • Date Due

    Make sure we receive your payment by 7:00 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 Due
  • Principal Paid Since Last Statement

    Amount of your last payment that was applied toward your principal balance.

    Your principal balance doesn't include interest.

    Principal Paid Since Last Statement
  • Interest Paid Since Last Statement

    Amount of your last payment that was applied toward your interest charges.

    Paying more than the minimum amount every month, while remaining on your standard repayment plan, can reduce the interest you pay over the life of your loan.

    Interest Paid Since Last Statement
  • Total Payments Received Since Last Statement

    The total amount of your last payment.

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

    Total Payments Received Since Last Statement
  • Bill Type

    We have two different bill types: Installment (INSTALL) and Interest (INTEREST).

    INSTALL means your payments occur in monthly increments and include both interest and principal. INTEREST means your payments occur in monthly increments and only include interest.

    Bill Type
  • Amount Past Due

    Total amount unpaid since your last bill.

    Amount Past Due
  • 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.

    Current Due
  • Total Principal And Interest 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.

    Total Principal And Interest Due
  • First Disbursed

    The date the government released the loan funds.

    We use this date to organize your loans.

    First Disbursed
  • 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.

    Loan Program
  • Status

    This shows one of the possible stages of your loan life cycle.

    Repay indicates that you're in the regular monthly payment portion.

    Status
  • Monthly Installment Amount

    Shows the breakdown of your monthly payment for each loan.

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

    Monthly Installment Amount
  • Total Amount Due

    The sum of the Current Due and any Amount Past Due broken down per loan.

    Total Amount Due
  • Total Amount Due

    The sum of the Current Due and any Amount Past Due.

    Total Amount Due
  • 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.

    Account Number
  • Date Billed

    The date we print your bill.

    Date Billed
  • Date Due

    Make sure we receive your payment by 7:00 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 Due
  • Aggregate Amount Paid

    The total amount paid to date on the loan, including amount paid toward interest, fees, and against the principal.

    Aggregate Amount Paid

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