MyFedLoan is a company that helps manage student loans for the U.S. Department of Education. They handle things like payments, sending bills, and solving problems with your loan. MyFedLoan is one of the biggest companies for student loans and manages applications for public service loan forgiveness.
Key Features of MyFedLoan
Easily access loan information, track balances, and view payment histories online.
Choose from various repayment options, including income-driven repayment plans.
Access loan forgiveness options like Public Service Loan Forgiveness (PSLF) after qualifying payments.
Combine multiple loans into one with a single monthly payment through consolidation.
Enroll in automatic payments and enjoy a lower interest rate.
MyFedLoan helps you apply for deferment or forbearance if you’re facing financial difficulties.
Benefits of Using MyFedLoan
Simplified Loan Management
Manage all your federal student loans in one convenient online platform.
Personalized Support
Get tailored assistance with repayment plans, loan forgiveness, and any loan-related questions.
Loan Forgiveness Opportunities
Qualify for programs like PSLF that can help you reduce or eliminate your loan balance.
Interest Rate Reduction
Signing up for automatic payments lowers your interest rate and ensures timely payments.
Mobile App Convenience
Manage your loans on the go using MyFedLoan’s intuitive mobile app, available for iOS and Android.
Payment Flexibility
Access deferment or forbearance options during financial difficulties to temporarily pause payments.
Fedloan App
The FedLoan app allows users to easily manage their student loans on the go. It offers features like checking balances, making payments, and tracking loan forgiveness progress. Download now to take control of your loans anytime, anywhere!
FedLoan Contact Details
| Contact Method | Details |
| Phone (Customer Service) | 1-800-699-2908 (Mon–Fri, 8 a.m.–9 p.m. ET) |
| Phone (International) | +1-717-720-1985 |
| Mailing Address (General) | FedLoan Servicing P.O. Box 69184 Harrisburg, PA 17106-9184 |
| Mailing Address (Payments) | FedLoan Servicing P.O. Box 790234 St. Louis, MO 63179-0234 |
| Use your MyFedLoan account to send secure emails | |
| https://twitter.com/MyFedLoan | |
| https://www.facebook.com/myfedloan | |
| Linkedln | https://www.linkedin.com/company/fedloan-servicing/ |
History of MyFedLoan
MyFedLoan is a Pennsylvania Higher Education Assistance Agency (PHEAA) division, founded in 1963 in Harrisburg, Pennsylvania, to manage federal student loans. Created under the U.S. Department of Education’s Direct Loan Program, it became a key player in loan servicing. Despite its large role, MyFedLoan has faced criticism, especially regarding its handling of public service loan forgiveness (PSLF).
Alternatives to MyFedLoan
Though MyFedLoan services a large portion of federal student loans, there are alternatives for loan management, such as:
Common Issues Faced by MyFedLoan Borrowers
While MyFedLoan offers many helpful tools, some borrowers face issues such as: