We will be conducting routine system maintenance from Saturday, April 1 through Sunday, April 2, 2023.  Service disruptions may occur during this time, so please return and try again later if you experience any issues on our website. We appreciate your patience as we work to better serve you.

Manage My Loans

Manage My Loans gives current College Foundation, Inc. borrowers updated information for managing their loans and tips for helping with repayment.

Transfer of FFELP Loans to Nelnet

On March 25, 2023, the servicing of FFELP loans will transfer 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 will also receive a communication from Nelnet shortly after the transfer, providing additional information. Even though the loans are transferring, 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.

1098-E Student Loan Interest Statement

A substitute 1098-E Student Loan Interest Statement will be included with the January 2023 billing statement. A separate mailing will be sent for borrowers who have paid their loans in full during 2022 and are no longer receiving a statement.

Student Loan Cancellation

The recently announced Biden-Harris Administration's Student Debt Relief plan includes student loan cancellation based on income. We encourage you to visit StudentAid.gov/debt-relief-announcement/one-time-cancellation for the most up-to-date information, as we do not have any further details at this time.  While we await additional guidance from the Department of Education, please check out the Department’s information about scams related to loan cancellation here.

Public Service Loan Forgiveness (PSLF) Changes

Permanent Improvements to PSLF Regulations

On October 25, the U.S. Department of Education announced one-time executive actions that will bring most loans managed by the Department closer to forgiveness, including credit toward PSLF for borrowers who have qualifying employment. A more complete list of the improvements can be found in the fact sheet. Additional information may also be found on the Federal Student Aid website. The regulations will soon be published by the Department and will go into effect July 1, 2023.

Income-Driven Repayment Program Changes

On April 19, 2022, the U.S. Department of Education announced several changes and updates that will bring borrowers closer to forgiveness under income-driven repayment plans.  Please see:  https://studentaid.gov/announcements-events/idr-account-adjustment and keep checking back here as this information will be updated as we receive further details from the Department of Education.

Are you a borrower affected by COVID-19?

If you have been affected in any way by the coronavirus outbreak, there are options available to help. CFI can help you by granting a capping, discretionary forbearance for up to 3 months upon request. You may qualify for a deferment of payments based on your circumstances such as unemployment or economic hardship. Our call center counselors are trained to help you understand the options available. Call us at 800.722.2838 Mon-Thurs from 8am-6pm or Friday from 8am-5pm with any questions.

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 Consumer Financial Protection Bureau.