Payment Allocation
The payment is allocated as follows: fees first, followed by interest, and then principal. For borrowers with multiple loans, one payment can be submitted and allocated according to your preferences or specified via online payment.
Fees
Late fees, returned check fees, court fees, or contingency fees.
Interest
The amount accrued (at the agreed interest rate) since the last payment or since disbursement if no payments have been made.
Principal
The principal is the original amount of money borrowed. If the repayment plan includes any periods of deferment (where the amount due for that month is $0), interest that accrues during deferment is capitalized (added to principal) once the deferment period ends
We are with you for the journey.
College Planning
A free service aimed at helping students achieve their goal of attending college and paying for it. The CPC assists thousands of students and families each year in planning for higher education.
Scholarship Hub
Check out how to prepare for college—access free tools and resources. Find local scholarships for college, and parents and students can enter to win $2,000 in college scholarships!
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Student Loans
Our student loans offer flexible repayment options, competitive interest rates, and a simple application process, making them an ideal choice for parents and students.
Refinancing
With our refinancing options, you can enjoy the benefits of low fixed interest rates, no fees, and an auto-pay discount. Take advantage of this opportunity to save money and simplify your finances.