By tapping the "I AGREE" button below, you, the bank account holder ("you" or "your"), are electronically signing and acknowledging that you have read, understand, printed or saved, and are providing your consent and authorization to the Electronic Record Consent and Automatic Debit Authorization set forth below.

Electronic Record Consent

You consent to receive the disclosure immediately below electronically. This consent only pertains to the disclosure below. You may withdraw your consent by calling us at 800-4-SALLIE (800-472-5543) within one business day of today, but your Bank Account will not be debited as described below. To update your contact information or obtain a free paper copy of the disclosure below, you may call 800-4-SALLIE (800-472-5543). You need a mobile device with internet access and a recent-generation browser to view this disclosure and a printer or storage device to save it.

Automatic Debit Authorization (the "Authorization")

Authorization to Electronically Debit Your Bank Account. You authorize Sallie Mae Bank, its affiliates and subsidiaries, and their agents, successors, and assigns (collectively, "we," "us," or "our"), to electronically debit the checking or savings account specified on the preceding screen or any substitute account you or your bank later provide (the "Bank Account"), on the Current Amount Due Date (or next business day(s) in the event of a weekend or holiday) or any different date to which you and we may agree, in the following amounts based on your written or verbal instructions:

1. the Current Amount Due identified on the billing statement before the electronic debit is scheduled to occur, or
2. the Designated Amount you specified on the prior screen or that you may later specify verbally or in writing. When we generate the billing statement each month, if the Designated Amount you chose is less than the Current Amount Due, we will debit the Current Amount Due instead to prevent your loan from becoming past due. This could occur, for example, when your loan enters its principal and interest repayment period. If your loan becomes past due while enrolled in this option, we will debit the Current Amount Due plus the Past Due Amount if that amount is greater than your Designated Amount.

If we encounter any difficulties that prevent us from initiating an electronic debit to your Bank Account on the date described above, you authorize us to do so as soon as we reasonably can. You further authorize us to electronically debit any returned payment fees you may incur. The Final Disclosure for your loan provides the amount of any such fee. We may also update your enrollment from the Designated Amount option to the Current Amount Due option at our discretion due to special circumstances and will tell you if we do so.

Effective Date. It may take up to two billing periods for the first electronic debit to occur pursuant to this Authorization. If this is a new enrollment, you should make any payment that may be due for the enrolled loan(s) by some other method until the billing statement reflects your enrollment, unless you authorize us to process a forbearance on the loan(s) in Section IV of the Automatic Debit Authorization Form. This Authorization will remain in effect until terminated or the enrolled loan(s) is paid in full.

Authorization to Correct Errors; Initiate Other Debits You Request; Returned Payments; Fees. You authorize us to electronically debit or credit your Bank Account to correct any error we make in processing a payment. Instead of or in addition to any debits described above, you authorize us to electronically debit your Bank Account for any amount and on any date you subsequently direct by phone or other method we make available. If any electronic debit is rejected, we may, but are not required to, reinitiate it up to two times or any greater number of times permitted by network rules. You are responsible for overdraft, insufficient funds, and other service fees your bank may charge in connection with your Bank Account.

Authorization to Vary Amounts. You have the right to receive written notice if a recurring electronic debit will vary from the amount authorized above. We will provide at least 10 days advance written notice of any recurring electronic debit that varies from the amount you have authorized. However, if you expressly request that we vary the amount of a recurring electronic debit and we grant your request, you agree that we need not provide written notice.

Termination by You or Us. You may terminate your enrollment in automatic debit at any time by logging onto your account at SallieMae.com, calling us at 800-4-SALLIE (800-472-5543), or writing to us at Sallie Mae, P.O. Box 3319, Wilmington, DE 19804-4319. Any termination request must be received by us at least three business days before the scheduled date of a withdrawal. If your termination request is not received in time to cancel the withdrawal, we will terminate your enrollment immediately following the withdrawal. We may terminate your enrollment in automatic debit at any time for any reason, including, for example, as a result of excessive returned payments or if we receive notice of a bankruptcy filing. Termination of your enrollment by you or us does not affect your obligation to make your loan payments.

Forbearance or Deferment.

Current Amount Due option: During an authorized period of forbearance or deferment, we will electronically debit the Current Amount Due, if any. If there are no required payments, we will suspend electronic debits and resume them when the period ends.

Designated Amount option: If you request and we approve a forbearance or military deferment, we will suspend electronic debits and resume debiting the Current Amount Due (and not the Designated Amount) when the period ends, unless you elect and we permit you to re-enroll in this option. If we apply a forbearance for administrative purposes, we reserve the right to update your enrollment from the Designated Amount option to the Current Amount Due option at our discretion and will tell you if we do so. During an authorized period of deferment (except military deferments), we will continue to electronically debit the Designated Amount.

Effect of Making Additional Payments. If you make an additional payment while enrolled in automatic debit, it will not change the amount of the electronic debit we initiate.

Suspension of "Pay Ahead" Feature. Enrolling in automatic debit suspends any "pay ahead" feature of the enrolled loan(s). Any amount that was paid ahead at the time of enrollment will remain applied to the loan’s Current Balance, but will not reduce the amount of future payments.

Multiple Loans. If you have enrolled multiple loans in automatic debit such that your payment is scheduled to be allocated among loans in different loan groups, or multiple loan types within the same loan group, the portion of the payment allocated to each loan may be debited from your Bank Account in separate transactions.

Miscellaneous. This Authorization applies exclusively to the loan(s) identified on the preceding screen. You must execute separate authorizations for any other loans you have with us or obtain in the future. If enrollment in automatic debit qualifies the enrolled loan(s) for an interest rate reduction, it may take up to two billing periods for the reduction to take effect. The rate reduction applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully debited from the Bank Account each month, and may therefore be suspended during a forbearance or deferment period. If you are re-enrolling a loan that was previously dis-enrolled by us from automatic debit (because, e.g., of excessive returned payments), you may not be eligible for a rate reduction upon re-enrollment. This Authorization supersedes any prior automatic debit authorization you may have executed in connection with the enrolled loan(s).

If you would prefer to execute a paper copy of this Authorization, please call us at 800-4-SALLIE (800-472-5543), and we will mail one to you.