Manage My Loans
Manage My Loans gives current College Foundation, Inc. borrowers updated information for managing their loans and tips for helping with repayment.
Interest Rate Index Changes on Certain EXTRA Education and EXTRA MBA Loans
Soon, part of the way the interest rate is calculated on EXTRA Education Loans first disbursed on/after July 1, 2008 and EXTRA MBA Loans first disbursed on/after July 1, 2009 will change. This is a necessary change that impacts many loans with variable interest rates. The benchmark used to calculate the variable interest rate will change from the London Inter-Bank Offered Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR).
If applicable, please know that you do not need to do anything today related to this change. We will handle the transition for you, just as the entire banking and lending industry is doing for all their customers. You can review the FAQ's to learn more about this change.
Do you have Federal Student Loans?
We want to help you prepare for successful student loan repayment. Whether you are returning to repayment for the first time since 2020 or entering repayment for the first time, you can get ready to start making payments on your Federal Student Loans by preparing early. Review the Student Loan Repayment Toolkit for step-by-step information and other helpful resources.
You may also want to review the following information on the Federal Student Aid website.
- You were in repayment on your loans before and are going to resume payments.
- You will begin making payments on your loans for the first time.
- For information about the new income-driven repayment plan.
Watch out for Student Loan Relief Scams
Don’t ever pay for assistance with reducing your student loan debt. Some companies may try and scam you to pay for services that we do for free or promise immediate loan forgiveness. Learn more about protecting yourself at Federal Student Aid and the Federal Trade Commission.
Impacted by a natural disaster?
If you live or work in a county declared a disaster area by FEMA or another government agency, call us at 1-800-722-2838 for assistance with your loan repayment during this difficult time.
Transfer of FFELP Loans to Nelnet
On March 25, 2023, the servicing of FFELP loans was transferred from CFI to Nelnet. A letter was mailed to CFI FFELP loan borrowers the week of February 6 with important information regarding the transfer. Borrowers should also receive a communication from Nelnet shortly after the transfer, providing additional information. Even though the loans are transferred, the terms and conditions of the loans are not affected.
This transfer will not impact any non-FFELP loans, such as EXTRA Education Loans or NC Assist Loans, originated and serviced by CFI.