• Monthly Payment
• Payment Procedure
• Address or Name Update
• Automated Clearing House (ACH)
• Annual Payments
• Past Due Loans
• Credit Bureau

Monthly Payment

The method of billing is by coupon. Twelve coupons will be sent annually and will include the balance outstanding on loan(s). Coupons are dated, therefore, remove the coupon for the appropriate month and mail along with the payment.

If you have more than one (1) loan with SLSC, the AMOUNT DUE will be the total of the monthly payments for all loans. Each loan will be listed in the 'Payment Analysis Section' showing monthly payment and unpaid balance as of the date the coupon was created. Samples of abbreviations for loan types are as follows:

• PER = Perkins;
• NS2= Nursing;
• H60 = Health Profession;

Payment Procedure

Payment is due by the first of each month. Late charges will be assessed after the 10th of each month if payment has not been received. Monthly payment is to be made unless qualifying for a deferment or postponement of payment which requires a certified Deferment or Cancellation form. See Deferment or Cancellation for types and form.

• Regular Monthly Payment: Remove the coupon for the month that payment is due. Mail coupon along with your check to our office.

  
  

• Pre-Payment: (Extra payments that will reduce loan Principal) Remove one coupon. Write 'PRE-PAY' on the coupon. Mail coupon along with your check to our office. NOTE: Do Not send multiple coupons.

  
  

• Advance Payment. (Payment for 2-3 months in the future.) Remove the coupons for the months that you want to pay in advance. Mail a coupon dated for each month you want to advance pay along with your check which is the sum of the Amount Due on each coupon mailed. Write 'ADVANCE PAY' on the coupon and include coupons.

You will receive new coupons each year until your loan is paid. If you do not receive new coupons by the 25th of the month in which you use your last coupon, contact our office at the toll-free number (1-800-698-7397).

Address or Name Update

If you have an address or name change, it is your responsibility to notify our office:

• Contact our office by phone 1-800-698-7397.
• Note it on your coupon or statement when making payment.
• Address Change Cards available at your local Post Office.
• Contact SLSC in writing.

Automated Clearing House (ACH)

• Save time and money with the Automatic Payment through the Student Loan Service Center ACH Plan. Eliminate the monthly hassle of bill paying with our automatic payment service. We will make your loan payment by automatically charging it to your checking account. This convenience can be yours no matter where you bank.
• Each month the money for your loan payment will be transferred from your checking or savings account to your student loan at the Student Loan Service Center.
• For an Application Form or more information, please call 1-800-698-7397

Annual Payments

• Certain medical loans are due annually. You will receive a Billing Statement from the Student Loan Service Center.
• Annual Medical Loans will not appear on the monthly coupons.

Past Due Billing

• If your loan(s) becomes past due, you will receive monthly statements until the loans are current.
• If payment or payment arrangements are not made within a reasonable time, serious consequences can result such as loan(s) listed with collection agency, and bad credit.
• Withholding Academic Transcripts - A request for a transcript of credits by a student or former student who is indebted to a college or university will not be honored until the indebtedness has been paid or satisfied.
• Contact SLSC to make necessary arrangements.

Credit Bureau

The SLSC is required by federal regulations to report a credit rating to the National Credit Reporting Agency once a month. The loan(s) are rated as they are read at that time, we do not send a history of past payments. The Credit Reporting Agency creates the history when a Credit Report is requested.