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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 and/or Advantage Education Loans.

Note: The interest rate reduction will become effective at the time the EFT application is processed and will continue as long as all payments are successfully remitted. The interest rate reduction may be removed if a payment fails to be processed due to reasons including, but not limited to, insufficient funds, closed account or invalid account number.

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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