How We Calculate Interest

We figure the interest charge on your account by applying the periodic rate to the “daily balance” of your account for each day in the billing cycle. We then add the interest to the daily balance. To get the “daily balance” we take the beginning balance of your account each day (which includes unpaid interest), and subtract any payments or credits.

Interest Rate Discounts

Take 0.25 percentage points off your interest rate after Set up automatic payments.

Use of Information About You and Your Account

Our Privacy Policy describes our collection and disclosure of information about you and your Account. If you would like another copy of the Privacy Policy, please call us at the customer service telephone number indicated on the front of your statement.

This is an attempt to collect a debt and any information obtained will be used for that purpose.

*By providing a telephone number on your account, you consent to Lakeshore Student Finance and any other owner or servicer of your account contacting you about your account, including using any contact information or cell phone numbers you provide, and you consent to the use of any automatic telephone dialing system and/or an automated or pre-rerecorded voice when contacting you, even if you are charged for the call under your phone plan.

For changes of address, phone number and/or email, please contact customer service at 1-734-474-7167.

***Your account is owned and serviced by Lakeshore Student Finance.