Eligible financing contracts now receive an automatic monthly billing statement. It's filed to the student's portal Documents page and the student is notified, so there's nothing for your school to switch on.

Who: Students on active financing contracts (automatic) · Where: Student portal › Documents

Each statement covers the prior month and includes:

• Account status and days past due
• The interest rate
• The outstanding principal and the date that balance was taken
• The next scheduled payment and amount
• Every payment received during the month, split into principal and interest

Statements are delivered to the student's own portal, where they can download them at any time, and borrowers are notified when a new one is available. Students who would rather receive them on paper can now say so.

There's nothing for a school to configure — statements are produced automatically in the first days of each month. Contracts that are already paid off are left out.