January 18, 2019 17:07 Updated Follow No. Loan payments may only be made by ACH, unless your payments by check have been grandfathered. Related articles Will the interest on my LEDC loan be paid back into my account? How much interest am I paying on my LEDC loan? Can I take out another loan on my LEDC account? Are LEDC loan payments made with before-tax dollars, like contributions? Do I pay a tax or penalty for defaulting on my LEDC loan?