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I currently am having payments debited through Elect Pay. If I switch to scheduled (recurring) payments through LoanPAY™, will I continue to receive the interest rate reduction?

April 26, 2017Currently debited Interest rate pay PAYMENTS recurring scheduled Switch

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I currently am having payments debited through Elect Pay. If I switch to scheduled (recurring) payments through LoanPAY™, will I continue to receive the interest rate reduction?

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We will cancel Elect Pay if you wish to set up a recurring online payment schedule and you will no longer have the 0.25% interest rate reduction. VSAC is phasing out the Elect Pay program and customers who cancel will not be able to re-enroll in the future. We frequently evaluate the incentives we offer and it is a possibility that an incentive for a recurring online payment schedule may be offered in the future.