Go ahead, grab these simple documents and you could be on your way to BIG savings.
It’s so simple you can even upload a screenshot of the following documents.
✓ Current Billing Statement or Payoff Letter – Please provide a billing statement or payoff letter for each eligible loan. These documents must include: servicer name, borrower name, loan account number, loan IDs, or sequence numbers (where applicable) and payment mailing address.
✓ Recent Pay Stub – Pay Stubs or proof of employment must be from within the last 30 days.
W-2 Form – Must be from the most recent tax year.
✓ Government Issued ID – Valid ID such as a Driver’s License, passport, or NonDriver’s License ID.
✓ Account Information – instead of providing only a discount to those borrowers who select auto debit, Education Loan Finance provides a discount to all borrowers. All borrowers are required to make payments electronically. Borrowers who elect to make payments with auto debit are required to submit billing account information for setup.
✓ Tax Returns – (if self-employed)
For billing statements or payoff letters to qualify we’ll need to see the below information.
- Account number
- Current balance or payoff amounts
- Payment mailing address
Please note that each statement should not be more than 30 days old. Additionally, if you plan to exclude some loans from a single servicer, you will need to provide sequence numbers, loan IDs, or any identifying number for each loan to be included in your refinance.