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graphic A husband covering his wife's eyes while she holds a holiday gift.

Take a Break from Your December or January Loan Payment and Keep the Cash!

Add A Little Extra Money to Your Wallet in Time for the Holidays!

Winter Skip-A-Pay

Don't worry about your loan payment this holiday season. Just skip it!

The EdFed Winter Skip-a-Pay program allows you to lighten your financial load this holiday season by skipping your December or January loan payment (without penalty). So, let EdFed start your winter merriment by putting a little extra cash in your holiday stocking!

For only $25 per loan, skip your December or January payment (either one monthly payment or two bi-weekly payments) on any of these EdFed loans:

  • Auto
  • Boat
  • Motorcycle
  • RV
  • Computer
  • Personal Signature
  • Personal Line of Credit
  • Share Secured
  • Share Certificate
  • Summer Bridge
  • Hurricane Assistance
  • Payday

If you have an eligible loan, you can participate.

To skip an EdFed loan payment this winter, log into EdFed 24/SEVEN, call our Member Contact Center or visit your nearest EdFed branch today!

If you need additional financial assistance during the holidays, an EdFed Personal Loan can help. Speak to a Lending Center representative today for more information.

Have a happy and safe holiday season!

*The Winter Skip-a-Pay Program is available between 11/15/2021-1/28/2022 for loans disbursed by 09/30/2021 and in good standing. Requests must be submitted at least three (3) days prior to the loan due date. The "Winter Skip Period" is your next scheduled payment(s) for December or January. Number of payment(s) skipped for the period selected will vary depending on payment agreement. During the Winter Skip Period, interest and finance charges will continue to accrue on your loan(s); however, you will not be required to make your regularly scheduled payment(s) and late payment charges will not be imposed. Participating in the Winter Skip-A-Pay Program will extend the term of your loan and will increase the total amount of interest and finance charges you will pay on your loan. Your regularly scheduled payments will resume in the billing cycle following your Winter Skip Period. Additional loan eligibility criteria includes that: the loan must not be a mortgage, home equity loan, Visa credit card, new/used Beat-the-Lease auto loan or workout loan; for bi-weekly or semi-monthly payments, the loan must have two remaining payments due in the month; for weekly payments, the loan must have four remaining payments due in the month; the loan must not have delinquency in the last 60 days; and the loan minimum payment must be equal to or greater than $50.00/month.