Automatic debit (recommended)
When you enroll in auto debit, you can choose to pay the Current Amount Due, which is the amount required to be paid each month until the loan is paid in full, or you can choose to pay more each month, which may help lower your Total Loan Cost. There’s no penalty for paying early or paying extra. Each month, we’ll automatically withdraw your payment from the authorized bank account. If you make an additional payment while enrolled in auto debit, it will not change the amount we withdraw.
By enrolling in auto debit, you can help ensure your payments are made on time each month. You may also qualify for a 0.25 percentage point interest rate reduction on your eligible loan(s).1 You need to be current with your loan payments to enroll.
Don’t forget, additional payments can be made online at any time.