The US Department of Education has several loan servicers that handle billing and other services on loans for William D. Ford Federal Direct Loans and for loans through FFEL and loans the ED later purchased.
Do you have automatic monthly debit of your loan payments?
No, I have not set up automatic monthly debit payments from my checking or savings account.
Do you need to make a payment by postal mail?
No, I do not mail my payment in.
Unfortunately, no relevant information is found.
Would I receive a discount for signing up for debit withdrawal of my payments?
Yes, you would receive .25% interest rate deduction on Direct Loans and you should contact your loan servicer for more information.
I have a concern about my student loan service. What if I have FFEL Program loans that is not owned by ED and I need to contact them?
Do you need to contact your FFEL Program loans not owned by ED servicer?
Yes, I do need to contact them about details.