Change loan repayment method – Banking information
"Change loan repayment method" allows you to change the repayment method on an active loan currently repaid via coupon or payroll deduction to electronic loan payments from your bank. This method is generally called "Automated Clearing House" or ACH. Note: Updates to the loan repayment method will not change the scheduled payment amount or frequency established at the time the loan was set up.
Note: If banking information is on file then you may select that account for your request.
To change loan repayment method to ACH, select the account to update.