Let EdFed Make Your Holidays a Little Merrier and Stress-Free with our Winter Skip-A-Pay Program* option.
The holiday season can strain your wallet, so a little extra cash in your pocket can help you spread some holiday cheer!
For $25 per Credit Union loan, you can skip your December or January payment (either one monthly payment or two bi-weekly payments*) on select Credit Union loans.
For a complete list of loans that qualify for the Winter Skip-A-Pay program or to skip your winter payment, visit www.edfed.org/decemberskip.
*The Winter Skip-A-Pay Program is available between 11/20/18 – 01/26/2019. Program only applies to the loan types listed above. To qualify, the loan must be in good standing with no history of delinquency in the prior 60 days. Loan skip requests must be submitted at least three (3) days prior to the loan due date. Borrowers may elect either December or January as their Winter Skip Period. For loans with monthly payments, the borrower will skip one payment. For loans with bi-weekly or semi-monthly payments, the borrower will skip two payments. During the Winter Skip period, interest will continue to accrue on the loan but late payment charges will not be imposed. Participating in the Program will extend the term of the loan and will increase the total amount of interest paid on the loan. The fee for participating in this Program is $25.00 per skipped loan. |
