There are two ways that you can earn up to a 0.5% total interest rate discount:
- Enroll in Autopay: Autopay will automatically debit your loan payment each month. When you enroll, we’ll give you a 0.5% deduction on your interest rate for as long as you remain enrolled.
- Make Consistent Payments: Once you make six consecutive total payments via autopay, we’ll reduce your interest rate by an additional 0.5%.
Your discounts will remain if you make on-time payments via autopay. An invalid payment, hardship (i.e., forbearance) request, or entering into a modified payment plan may reset your discounts, so you may need to enroll again to earn your interest rate discounts.