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Auto Debit
Tired of sending in a check every month to make your student loan payment? With MOHELA's Auto Debit program, you can have your payments automatically withdrawn from a checking or savings account without ever having to think about it. Some borrowers may be eligible to receive an interest rate reduction for using this service. Learn more about eligibility requirements by selecting your loan program from the options listed below.
Due to recent changes in the industry, MOHELA has been forced to modify some of our borrower benefit programs. The following information regarding interest rate reduction is only for qualified borrowers and is based on the school attended and the date the loan was disbursed. Most borrowers qualify to have their monthly payments automatically debited from a checking or savings account; however, some borrowers may receive additional benefits based on the criteria listed below.
Download an Auto Debit Application
Learn More! Select your loan type to learn how much you can save by enrolling in MOHELA’s Auto Debit program.
The borrower benefit programs described herein (collectively the “Programs”) may be modified, revoked or eliminated by MOHELA without notice to the borrower or to any other party at any time and from time to time in MOHELA’s sole discretion. Furthermore, the summary of the Programs contained herein is not intended as a comprehensive description of the Programs. The Programs are subject to certain additional terms and conditions. For additional information about the Programs, please contact MOHELA at 633 Spirit Drive, Chesterfield, MO 63005, toll free 1-888-866-4352.
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