Auto debit means never having to remember
If you aren’t enrolled in our automatic debit program, we encourage you to sign up for the easiest, most convenient way to make your payments! When you enroll in auto debit, we’ll automatically withdraw your payment every month from your authorized bank account.
- You can choose to pay the Current Amount Due (the amount required to be paid each month until the loan is paid in full) or pay more each month, which may help lower your Total Loan Cost.
- There’s no penalty for paying early or paying extra.
- Making additional payments while enrolled in auto debit won’t change the amount we withdraw.
- Enrolling may qualify you for a 0.25% interest rate reduction so long as the loan payment is successfully withdrawn monthly and the loan is eligible—it must be in active repayment, not forbearance or deferment, and cannot be a K-12 loan.