Paying bi-weekly will help you cut down on the total interest paid over the life of your loan and is easy to set up.
Once your loan is active, start by signing in to your Earnest account and selecting ‘Loan Details.’ Then click on ‘Change Autopay Schedule’ under the ‘Payment Options’ menu on the left side. Finally, select ‘All Future Auto-payments’ and ‘Every 2 Weeks.’ You can also choose when to start this new payment schedule. Please note that setting up bi-weekly payments will schedule payments every 14 days. This means that you could see up to three payments in one month depending on the number of weeks in the month.