How to Make a Payment on My Student Loan

If you are ready to begin repaying your student loans, there are many ways to go about this process, depending on the loan service that you have borrowed from. Most student lending agencies make paying back your student loans a quick and easy process. To save money and avoid late payments, try these following options and choose what works for you and your lending agency.

Instructions

    • 1

      Contact your lending agency to find out information regarding ways to pay back your student loans.

    • 2

      For lending agencies that permit automatic withdraw for monthly loan payments, contact your bank to authorize the withdrawal of your student loan payment from your checking or savings account each month.

    • 3

      For lending agencies that have online payment centers, go to their website and make your monthly loan payment.

    • 4

      For lending agencies that encourage paper mailings, mail your payment check or money order to their mailing address each month.

    • 5

      For lending agencies that allow you to pay by phone,call to authorize a one-time electronic loan payment to your account.

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