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Rensselaer Polytechnic Institute
Rensselaer Polytechnic Institute
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The Graduate School, Rensselaer Polytechnic Institute

Division of Finance

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Accelerated Payments

The borrower can accelerate repayment of his or her student loan without penalty. Accelerated Payments, however, can not take the place of regularly scheduled payments. If you make an accelerated payment, your next payment due date still might fall as originally scheduled. A Payment for more than the scheduled amount might not reduce the next payment by that same amount. If you wish the amount of your payment, which is in excess of the regularly scheduled payment, applied to the next scheduled installment(s) of your loan, it will be necessary for you to request this special handling in a letter accompanying your payment.