What happens if a payment is missed?

If for whatever reason an individual monthly payment is more than two weeks late or missed entirely, a late fee of 10% is assessed. Missing a payment also eliminates the possibility of earning certain incentives such as the Zomia overpayment match; such benefits are forfeited until you catch up on your payments. It is in your interest to repay consistently over time, and if you’ll have trouble making a payment, let us know in advance so we can consider adjusting your payment schedule.