Access Group Easy Pay Student Loans

Auto-debit and other payment methods are easy to set up, and they offer peace of mind. Auto debit also has the added benefit of requiring just one sign-up. You can use this option to make your payments automatically, even if you have a job that requires late payments. You will receive notification of payment due dates by e-mail or SMS, and you won’t have to remember to do so.


If you are having trouble making your monthly payments on your Access Group Easy Pay student loans, you may want to set up auto-debit instead of paper checks. By setting up auto-debit, your payment will be automatically deducted from your bank account on the due date. This is especially helpful if you are in active repayment status and want to keep your interest rate as low as possible. Remember that if you fail to meet eligibility requirements, your benefit may be eliminated.

If you’re just starting out, auto-debit may be the right option for you. It’s a great way to ensure you make your payments on time and avoid late fees and penalties. You’ll never have to worry about missing a payment again! Some loans even offer discounts if you set up auto-debit. However, not all services offer this type of payment option. It is a good idea to check with your loan company and compare the benefits of auto-debit.

Alternative repayment plans

You have the option of choosing between two different repayment plans for your Access Group Easy Pay student loans. The first option, the Standard Repayment Plan, requires you to pay $50 per month for 10 years. You can also choose the Income-Driven Repayment Plan, which requires you to pay between ten and fifteen percent of your income each month, depending on your family size and your student loan debt. These repayment plans also have their benefits and drawbacks, so it is important to consider the pros and cons before you choose one over the other.

The Income-Driven Repayment Plan, or IDR, helps borrowers with high monthly payments make progress on their loans and provides flexibility when income levels fluctuate. There are four types of IDR plans, and each has its own features. All qualify for Public Service Loan Forgiveness, which is available to borrowers in nonprofit and public sectors. Moreover, these plans are more affordable than other student loan repayment options.

Interest-only payments

In the past, Access Group student loans have allowed you to make interest-only payments. However, that is no longer the case. Instead, the company applies your monthly payments to accrued Additional Interest, or APR, rather than the principal balance. The APR on this type of loan is currently higher than the interest rate on a traditional student loan. If you would prefer to make interest-only payments, the option available through the Access Group Easy Pay student loans is not available.

The private Access Group student loans are serviced by Firstmark Services, a division of Nelnet. This company will disburse funds to your educational institution in exchange for your promissory note. The repayment options that you can choose include the following:

Balloon payments

If you’re considering a balloon payment for your Access Group Easy Pay student loan, you might be surprised to learn that it’s possible to get out of debt early. These student loans offer a balloon payment that will automatically pay off the remaining balance of your loan, often in a matter of several years. A balloon mortgage has a 30-year amortization period, which means that you’ll make the same payment every month for thirty years. That’s quite different from a fixed-rate mortgage, which requires you to make the same payment for thirty years, or until you’ve repaid the entire amount you owe.

While a balloon payment will certainly be more expensive, it can help you purchase a business or expand an existing one. Many new businesses are in need of cash, but also have a lackluster credit history. As such, sellers may agree to accept small balloon loan payments as long as the new owner promises to make their payments on time. After three years, the balloon payment will be due, but in many cases, this is enough to gain the seller’s approval for a loan.

Legal recourse

A case from 2007 involving legal recourse for student loan defaulters, Savedoff v. Access Group, focuses on a student loan contract. The court held that, although the terms of a student loan contract were ambiguous, the parties intended for the monthly payments to go towards paying off Additional Interest before the principal. This interpretation is deemed to be inconsistent with the language of federal student loan contracts.

The district court interpreted the terms of the loans against Access Group. Specifically, it held that the loan documents permitted the lender to collect Additional Interest only if the borrower makes the balloon payment in the final year of the loan. This practice is a violation of the Promissory Note and the Easy Pay Plan applications. This case highlights the need for legal recourse for Access Group Easy Pay student loans.

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