Federal Stafford Loan Terms and Conditions
*Terms and conditions apply. AMS will pay the 1.5% origination fee on the borrower's behalf on Stafford Loans for academic year 2007-2008. The automatic-debit benefit is available during active repayment for as long as the borrower's monthly payment is successfully deducted from his/her bank account. To qualify for the Graduation Bonus first-year interest payment and 3% in loan credits, the borrower must sign up on Manage Your LoansSM, prior to entering repayment, to receive account information by e-mail, make the required number of payments by the due dates as initially scheduled and provide proof of graduation. Loan credit borrower benefits are based on the original principal loan amount (less cancellations, refunds and returns). Borrower benefits are effective for loans owned and serviced by Sallie Mae and first disbursed July 1, 2007 through June 30, 2008.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE.