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Would you like to avoid sending in a check each time your loan payment is due? Use the Automatic Bill Payment Plan. Under this plan, you authorize the Student Loan Department to deduct your payment directly from your bank account. We will continue to send you a statement, but it will contain a message indicating the date your account will be debited. Your bank statement will show that the debit actually happened.
You will have reliable and consistent service. Even when you are out of town, your payment will be made automatically. You do not have to contend with lost payments or payments delayed in the mail. Save time and postage!
To
sign up for our Automatic Bill Payment Plan, complete the 
Automatic
Payment Authorization Form and mail it, with a voided check from your
checking account or a deposit slip for your savings account, to the address at
the top of this form.(DO NOT
send the form to the Portland payment processing center!) We
regret that we are not able to extend this service to borrowers using foreign
banks, investment banks, or money market accounts.
Your payment will be deducted from your checking/savings account on the fifth business day of every month for accounts on monthly billing, or of every quarter (January, April, July, October) for accounts on quarterly billing. You will continue to receive your billing reminder notices as scheduled, but they will contain a message indicating the date your account will be debited. If you do not see such a message on your bill, mail your payment as usual. Either your request was not received early enough prior to that billing cycle, in which case the automatic payment should begin the next billing cycle; or your automatic payment eligibility has been revoked.
If there are insufficient funds in your account on the day of withdrawal, a Returned Payment Processing Charge of $15.00 will be assessed AND your eligibility for Automatic Bill Payment will be revoked.
Authorization forms must be received by the first of the month prior to the installment due date to allow time for processing. If you change banks you must complete a new authorization form.