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National Education « Borrower Services « Automatic Payments

Auto-Payment Plan from National Education

It's the easiest way to pay back your student loan.

• This plan is FREE and will safely ensure that your student loan payment is made each month, on time. It is a great way to establish a solid credit history. You will never need to worry about lost payments, late fees and mail delivery.
• National Education will simply deduct the payment amount from your bank account each month.
• The Auto-Payment Plan is available for the checking or savings account you designate. You are responsible for ensuring that sufficient funds are available to cover the monthly withdrawal.
• In order to participate, all education loans with us must be current before signing up.
• Should your loan default, you will lose any interest rate benefit that you qualified for prior to your loan defaulting to the Guarantor of your loan.

How to Sign Up For Auto-Payment

• Choose a due date between the 1st through the 28th of the month. This is the date your payment will be deducted from your account each month.*
• Complete the Auto-Payment Agreement and return it to us with your next payment.
  • To have your payment taken from your checking account, you should also include a voided check.
  • If you choose your savings account, please include a deposit slip.
• Or, Fill out the online Auto-Payment Agreement (you must be logged in).
• Deductions will begin the month following the return of the Auto-Payment Agreement, assuming that your loans are current.

To participate in Auto-Payment, please select from one of the following options.

1. Log In to your account and select the "Auto-Payment Signup" link from the left-hand margin to complete the signup process online.
2. Download, complete, and return the Auto-Payment Agreement to us.
3. Contact us to have an Auto-Payment Agreement mailed to you.

* Those participating in the Income-Based Repayment Plan, can also sign up for Auto-Payment, however, federal regulations are used to determine your monthly payment amount and the due date. For this plan only, you will not be able to select a payment date or change the monthly payment amount.