Defer-A-Pay is a convenient way for eligible members to defer up to two monthly loan payments in a 12-month period for a maximum of ten for the life of the loan. Each time you defer a payment, you extend your loan payment due date by one month.
Most consumer loans are eligible including: vehicle, airplane, boat, computer, share secured, signature, teacher certification and teacher relocation loans. Terms and restrictions apply.
How to Defer a Payment
Sign in to SchoolsOnlineSM and click the "Transfers & Payments" tab. If your loan qualifies for Defer-A-Pay, you will see the option to defer a payment listed in the sub menu.
Click here to learn more details and read Defer-A-Pay's terms and conditions.
There is a $25 processing fee for each eligible Defer-A-Pay. The fee will be charged at the time of deferment from the Schools share account you designate (i.e. checking or savings).