Student loan monthly payments can be automatically deducted from the borrower's checking or savings account. In order to be eligible for EFT, you must select to have funds withdrawn on the 1st, 5th, 10th, 15th or 20th of the month.

Advantages:

• Depending on the Access Group program in which you are participating, and the years in which you borrowed, participating in EFT may entitle you to an interest rate reduction on your Access Group student loans. This means you benefit with even lower interest rates for the convenience of having funds withdrawn automatically. This interest rate reduction will remain in effect as long as you have payments automatically transferred.
• Means that your monthly payments are never late or lost in the mail.

To sign up for EFT payments, download the Electronic Funds Transfer request form
(You must have Adobe Acrobat® Reader 4.0 or higher installed on your computer to view the PDF files. To download Acrobat® Reader visit www.adobe.com.)

Please complete, sign and mail your form to:

The Student Loan People
P.O. Box 24328
Louisville, KY 40224-0328

Don't forget to put your account number on all correspondence.

Any questions? Please call us toll-free at 888-250-6401.

Updated: 1/28/2008