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Home » USA » Sallie Mae » Automatic Debit

Sallie Mae Automatic Debit

Sallie Mae Automatic Debit is a payment option given by the bank to all its loan borrowers so that they can pay off the loan before its due date is reached, without any hassles. It is one of the most preferred as well as convenient options chosen by most of the loan borrowers. One neither has to write any checks nor has to buy any stamps and also do not have to make any extra payments. All that a person is required to do is login into the ‘Manage Your Loan’ account and sign up for the automatic debit program. The monthly education loan payments will automatically be deducted from the checking or savings account. The main benefit of signing up with Sallie Mae Automatic Debit is that the interest rate is reduced and you can also avail other benefits.

Sallie Mae Automatic Debit Form

In order to enroll oneself in to the Sallie Mae Automatic Debit program one has to fill up the Sallie Mae Automatic Debit Authorization form. This form can be downloaded from website of the company. The form consists of three sections. The first section consists of bank account holder information, second section consists of bank account information and the third section consists of customer authorization for forbearance. One can at anytime login into his or her accounts, download the form, fill it up with all the required details like borrower’s name, account name etc. After filling up the application form one can submit the form to the below mentioned address

Sallie Mae Department of Education
P.O. Box 9635
Wilkes-Barre, PA 18773-9635

Sallie Mae Automatic Debit Interest Reduction

Customers who make payments through Sallie Mae Automatic Debit may also enjoy a deduction or a discount in the interest rate by 0.25%. However, deduction in the interest rate depends upon the type of loan that is taken and the disbursement date of the loan. In addition to this, one can also design the various payment plans and make extra payments as well.



For any type of queries related to the Sallie Mae Automatic Debit or if incase you find that automatic debit is not working then you can dial the number 800-722-1300. In addition to this, one can also visit the website of the bank or can visit the nearest Sallie Mae Bank Branch.



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