Step 2: Identify Your Monthly Payment Amount
To determine how much you owe, you can check your loan balance online or call us. We will calculate your payments so you can pay off your loan in equal installments every month. Payments will be applied toward interest and the principal balance for the duration of your repayment period. If you have a variable interest rate, your payments may rise or fall if there is a change in the index.
If your goal is to repay your loan sooner than scheduled, you can always pay more than the minimum amount due—without penalties—in order to further reduce your balance and overall interest cost.
Step 3: Select a Payment Method
We offer a variety of ways for you to submit your monthly student loan payments from choosing to pay online to setting up automatic payments, so you can choose the payment method that is most convenient for you.