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of borrowers have automatic payments set up from their checking account.

39 percent

of late boomers say this is the method they use most often.

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of borrowers make loan payments online at their lender's website.

27 percent

of millennials say this is the method they use most often.

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of borrowers make loan payments online at their financial organization's online bill pay service.

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of borrowers make loan payments by mailing a check to their lender.

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of borrowers make loan payments through their financial organization's mobile bill pay service.

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of borrowers make loan payments through their lender’s mobile app or browser.

Millennials are twice as likely to use this option most frequently as consumers overall (10% vs. 5%).

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of borrowers make loan payments through a wire transfer or a money order.

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of borrowers make loan payments through a voice-activated device.

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of borrowers make loan payments some other way than previously mentioned.