Absolutely! You are able to make early repayments at any time, with no penalty. Every penny from your extra payment goes directly toward the principal balance. This means that you'll pay less interest overall (if applicable) and can pay off your balance early.
Extra payments won't lower the amount of your monthly payments, but they can reduce the term of your payment plan, the amount of your final payment, or both.
To schedule extra payments or a full balance payoff, please log into your PayBright Portal and select the payment plan you want to pay off. You will have the option to either make a partial prepayment or pay off your payment plan in full.
Please keep in mind, you cannot make an extra payment until your first scheduled payment has gone through.