Rhode Island Higher Education Assistance Authority: Federal Loan Payment Policy

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Payment Policy

Payments must be received before 12:00 pm to be applied to your account for that current business day

Any payments made after 12:00 pm will be applied to your account for the next business day*

Cash payments: you will be provided with a “paper receipt” for your cash payments only

Your canceled check, money order or cashiers check is your payment receipt. A “paper” receipt is NOT provided for this type of payment

For accounts being paid in full by check, money order or cashiers check or credit/debit card; a “paid in full” letter will not be provided until that check has cleared and 45 business days have past

If your payment is returned/reversed the paid in full letter would be null and void

*Credit Card/Debit Card payments may take two business days to post to your account.
** A convenience fee will be charged for all payments by credit/debit card.
*** This policy is subject to change without notice.

Last Modified: December 20, 2007 09:52:53 AM

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RIHEAA policy prohibits discrimination based upon race, color, sex, age, gender identity or expression, national origin, religion, handicap/disability status, veteran status, or sexual orientation.