Opting for AutoPay will make you eligible for an interest rate discount. If you selected this feature during the loan application process, no further action is required, as your account is already set up with the discount applied. If you did not opt-in during the application process, the option is available in your portal. This discount won’t change your monthly payment, but it can help reduce your overall principal balance over time. Note: If you cancel AutoPay option, you will stop the discounted interest rate on the date you cancel. You will be able to re-enroll in the AutoPay option however you will not receive the interest rate discount.