Automatic Bank Draft
Automatic Bank Draft will save you time and money! No more writing checks to us each month or finding a stamp and remembering to mail the payment. This greatly reduces the chances of the payment being late and being charged a late fee. And best of all, this service is free of charge.
P.O. Box 102423
Things to remember:
- If the draft is dishonored or returned, a $25.00 fee will be added to your student loan account. Please note that this fee may periodically increase without notice to you.
- Your automatic bank draft will be cancelled during periods of no pay forbearance. If you wish to continue your draft or reinstate your draft after the completion of your forbearance, please log into your account to submit your request.
- To cancel or make changes to your automatic bank draft, please log into your account. No edits or cancellations can be done within 7 days of your next draft date.