| 1.00% 24 Payment Feature |
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Borrowers with more than $20,000 in loans, receive a 1.00% Interest Rate Reduction after their first 24 consecutive on-time payments as required to be continued for the life of the loan. |
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| 0.50% Auto-Debit Feature (optional) |
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Borrowers receive an immediate .50% Interest Rate Reduction for signing up to have their monthly payments automatically drawn from their checking account.
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FACT: This is a U.S. Department of Education Program. That being stated, borrowers receive the exact same interest rate no matter which company they choose. Therefore, borrowers want to select that company that offers the best benefits package. | |
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| 0.60% Grace Period Discount |
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Borrowers that are in Grace currently have 0.60% Rate Reduction off of their normal repayment interest rates. This discounted Grace rate will be used in the calculation of their new fixed rate! |
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