Whois & Analysis for edfinancial.com

EdFinancial Services is a financial company which provides student loans servicing for 15 of the top 100 lenders in the USA, including regional and national banks, secondary markets, state agencies and other student loan providers.

It is headquartered in Knoxville, Tennessee.

Knoxville is a city in the U.S. state of Tennessee, and the county seat of Knox County.

The city had an estimated population of 185,291 in 2015 and a population of 178,874 as of the 2010 census, making it the state's third largest city after Memphis and Nashville.

Knoxville is the principal city of the Knoxville Metropolitan Statistical Area, which, in 2013, had an estimated population of 852,715.

The KMSA is, in turn, the central component of the Knoxville-Sevierville-La Follette Combined Statistical Area, which, in 2013, had a population of 1,096,961.

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses.

It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school.

It also differs in many countries in the strict laws regulating renegotiating and bankruptcy.

This article highlights the differences of the student loan system in several major countries.

A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans.

Private loans, which are heavily advertised, do not have the forbearance and deferral options available with federal loans (which are never advertised).

In contrast with federal subsidized loans, interest accrues while the student is in college, although repayment may not begin until after graduation.

While unsubsidized federal loans do have interest charges while the student is studying, private student loan rates are higher, sometimes much higher.

Fees vary greatly, and legal cases have reported fees reaching 50% of amount of the loan.

Although traditionally unsecured, these loans are increasingly secured, so that the borrower must offer collateral or a third-party guarantee of repayment.

Loan servicing is the process by which a company (mortgage bank, servicing firm, etc) collects interest, principal and escrow payments from a borrower.

The vast majority of mortgages are backed by the government or government-sponsored entities (commonly referred to as "GSE's") through purchase by Fannie Mae, Freddie Mac or Ginnie Mae (which purchases loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA)).

Because the GSE's and private loan investors typically do not service the mortgage loans that they purchase, the bank who sells the mortgage will generally retain the right to service the mortgage pursuant to a master servicing agreement.