Since all payments received on your loan will be applied to interest first, then to principal, we're unable to offer a principal-only payment option. Because interest accrues daily, any payment made will be applied to the accrued interest first. Once the accrued interest is fully satisfied, any remaining funds will be applied to the principal balance. At that time, any additional amount can be paid to apply more funds towards the principal balance. You can find directions for scheduling an extra payment here or review payment processing times here.
If you're enrolled in Auto Pay, you can also increase your monthly auto pay above the minimum payment amount to have more of your payment go towards principal each month. To increase your monthly Auto Pay, contact our Client Happiness Team directly by clicking the "Get In Touch" button found at the bottom of this article.