Borrower benefits are effective for AY 08-09 loan applications with first disbursement June 1, 2008 through May 31, 2009.
1Interest rate reduction of 0.50 percentage point is available during active repayment for as long as the borrower’s monthly payment is successfully deducted from the borrower’s bank account.
2Creditworthy borrowers may request a cosigner release after making the first 24 consecutive on-time payments of principal and interest. The borrower’s account must remain current until the request for release is processed. Borrower credit qualification applies. Borrower must be a U.S. citizen or permanent resident at the time the cosigner release request is processed.
3Deferring payments while in school and during the grace period will increase the overall loan costs. Unpaid interest that accrues while the borrower is in school and in the grace period will be capitalized (i.e. added to their loan amount) at repayment.
Sallie Mae DENTALoans Advanced Study Private Loans are funded by Sallie Mae Bank® or a Sallie Mae lender partner. Terms and conditions apply.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AND BORROWER BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.
Subject to the above, borrower benefits are effective for Sallie Mae DENTALoans Advanced Study Private Loans made to students attending eligible colleges and universities that are first disbursed June 1, 2008 through May 31, 2009.