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What is the principal balance listed on my monthly billing statement?

April 26, 2017Balance billing Principal

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What is the principal balance listed on my monthly billing statement?

1 Answer

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Posted

This is the total amount remaining from the original loan. This does not include the interest charged on the loan. You can also view your outstanding principal balance online by visiting the Current Loan Information page in the My Account section of this Web site. Please note, this is not the amount required to pay off your loan. To obtain a payoff quote, please visit the My Account page and choose Payoff.