The most popular payment plan is biweekly, because most people are paid every other week. With a biweekly plan, half of the loan amount is automatically withdrawn from your account every two weeks*. During the year, there are two extra half-payments which are applied to the principal balance. Weekly, bimonthly and monthly withdrawals are also available.
Why would you enroll in AutoPayPlus?
- Convenient automated withdrawals and payments
- To pay off your loan sooner
- In order to meet a financial deadline
- To save money in interest
- To building personal equity faster
Try our loan savings calculator to see what you can save.