How do I check if I'm getting the 0.25% interest rate reduction for setting up Recurring Payments (AutoPay)?

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Last Updated: April 30, 2022

There are 3 ways you can confirm that you are receiving the 0.25% interest rate reduction:
1) College Ave mobile app: From the Home screen, go to Loan Details and tap on the loan you set up on AutoPay. You'll see your current interest rate. Three days after setting up AutoPay, go back to this screen to confirm that the interest rate has been reduced by 0.25%.

2) CollegeAveServicing.com: Go to Your Loan > Account Information. In the Summary section, you'll see your current interest rate. Two to three days after setting up Recurring Payments, go back to this screen to confirm that the interest rate has been reduced by 0.25%.

3) Compare statements: The interest rate on your statement displays the active rate on the loan. You can compare the interest rate on the first statement you received after setting up Recurring Payments to the previous one to confirm the rate reduction.

 



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