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Payment Solutions - Electronic Funds Transfer

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Student loan monthly payments can be automatically deducted from your checking or savings account.

Advantages:

  • Guarantees that monthly payments are never late or lost in the mail.
  • Receive a 0.25% interest rate reduction on federal loans and/or a 0.50% for Advantage Education loans.

Note: The interest rate reduction will be removed if a payment is returned from your bank for reasons that include, but are not limited to, non-sufficient funds, invalid account information, or a closed account.

Additional payments or large payments will advance your due date and will prevent your EFT payment from being pulled. Please advise us if you do not want to advance your due date.

If at any time your bank account or routing information needs to be changed, KHESLC must receive your request in writing at least five days prior to your EFT payment date.

To set up electronic funds transfer for your account, click here to apply .

If you want to setup EFT from a savings or checking account that is not in the name of the borrower, please complete a paper application with the account owner's signature and attach a voided check.

Please fax the application and check to 502-329-7077 or mail to:
KHESLC
P.O. Box 24328
Louisville, KY 40224-0328

Any questions? Call us toll free at 800.693.8220.

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