What are the benefits?

There are many benefits to making online payments. Included in the benefits are the following:

• Ease: Simply log onto our Web site, select the Make Online Payment link under Repayment Options and schedule your current or future payment(s).
• Convenience: Access this Web site 24/7 online at your leisure to schedule your payment(s). Also, you can change any future scheduled payments up to one full business day in advance of the actual payment date. As with EDA, making an online payment is another way to ensure that your payments are made on time each month.
• Saves Money: By using this paper-free payment option, not only will you be helping out the environment by eliminating the need to send a paper check, but you will save money on postage costs as well.
• Make extra payments: You can schedule additional payments to your Direct Loan(s) at any time, even when you do not have a bill due, or if you are enrolled in EDA. This will allow you to pay back your loan(s) earlier, which means you will pay less in interest over the life of your loan(s).