Frequently Asked Questions

What are the service fees?
An initial account set up service fee will be applied to your loan of $49.99.
Can I cancel my loan if I am not satisfied with my school?
No, EAF holds the loan applicant responsible for repayment not the school.
Will my credit be checked?
Yes, EAF must manage risk to determine eligibility to our services.
Will using EAF services hurt my credit?
No, in most cases it helps your credit score.
What happens if I don’t repay my loan?
EAF will forward the account to a collections team to recover the amounts and your credit will be reported to the credit bureau.