Repayment of Federal Direct Stafford Loans

Automatic Electronic Payments

You can choose to receive your loan statement electronically, make student payments online through electronic debiting, or schedule a reoccurring electronic debit to pay your bill.

Some loan servicers will even reduce your interest rate as an incentive for paying by electronic debiting.

Electronic debiting is the most convenient and efficient way to make your student loan payment. You won’t have to remember to mail a check each month. You may forget to update your address with your servicers when moving, and automatic electronic payment will give you the peace of mind knowing your loan payment will always be on time.

Financial Aid

Hawkeye Center
Lower Level
319-296-4020
800-670-4769 ext.4020
319-296-4495 (fax)
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