Skip a Payment
Skip your next loan paymentSometimes you have to put a payment on pause. We get it. For situations when you need a little more cash in your wallet, we make it easy to skip a loan payment.
Can I skip a payment?You are eligible to skip one (1) payment per qualifying loan on a 12-month rolling basis, with a maximum of three (3) requests for the life of your loan, if you have made not less than 12 consecutive months of on-time payments.
There is a $25 fee for each loan skipped. The fee will be automatically deducted from the funds available in your Checking or Savings account (in that order) at the time of the request.
Mortgages, Transition Loans, Visa Credit Cards and HELP Loans are not eligible.
How to skip a payment
- Login to Online Banking and select SkipPaymentment from your Loan’s gear wheel
- Follow the on-screen prompts for immediate processing
Don’t have Online Banking? Complete the SkipPaymentment Form