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What is the difference between a scheduled and a pending payment?

payment scheduled
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What is the difference between a scheduled and a pending payment?

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10

With Pay Online, you can set up or schedule a payment for a future date. Before the payment date, the status will be “scheduled”. On the scheduled payment date, the payment status moves to “pending” and stays there until we receive funds from your bank and credit your student loan account. Once your student loan account is updated, the payment status becomes “paid.

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