Auto Pay Interest Rate Reduction
Save yourself time and ensure your scheduled payments will be made on-time each month by setting up automatic payments. There
is no need to rush to the mailbox each month or worry about logging in to make a manual payment online. It’s free to apply!
Enrolling in Auto Pay means we will automatically withdraw your monthly payment from a bank account you designate each month.
This also provides an interest rate reduction benefit of 0.25% for borrowers with Direct Loans (DL) and federally-owned Federal
Family Education Loan (FFEL) Program loans. Auto Pay saves time and saves you money by lowering your interest rate.
Keep in mind this reduction remains in effect while you are actively participating in the Auto Pay program. Please note:
Apply for Auto Pay
through your online account and review the
Auto Pay Authorization Agreement for complete information.