Need a break from your loan payment? Our Skip-a-Pay program lets you skip one of your monthly loan payments for a fee of $25. Plus, of the $25, $12.50 will be donated to the American 1 Community Scholarship Program and the remaining $12.50 will be a processing charge.
Requirements for eligibility:
- Only closed-end loans are eligible for the Skip-a-Pay program. This excludes credit cards, lines of credit and home equity lines of credit.
- Eligible loans must be in good standing (not past due or have been past due more than 30 days in the past 12 months).
- Eligible loans must be in effect for 6 months (12 months if balance exceeds $50,000).
- Eligible loan payment cannot have been skipped in the last 12 months.