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*Terms and conditions apply. The 6.75% interest rate assumes the borrower takes advantage of all available interest rate reductions. 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 1 percentage point interest rate reduction and the 1% loan credit, the borrower must sign up on Manage Your LoansSM, prior to the first payment due date, to receive account information by e-mail and make the required number of payments by the due dates as initially scheduled. The 1 percentage point interest rate reduction benefit continues during active repayment for as long as the borrower continues to pay as initially scheduled. Borrowers may take advantage of one of the following opportunities: (1) A borrower who has earned the benefit and makes a late payment can re-earn this interest rate reduction once by making 24 consecutive payments by the due dates as initially scheduled. (2) A borrower who fails to earn the interest rate reduction because of a late payment can re-qualify to earn the benefit once by making 24 consecutive payments and then earn the benefit by satisfying the original, remaining on-time payment requirements. Additional terms and conditions apply. 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 January 31, 2008.HOWEVER, PROPOSED CHANGES TO THE FEDERAL STUDENT LOAN PROGRAM COULD RESULT IN SALLIE MAE REDUCING BENEFIT OFFERINGS, INCLUDING ORIGINATION AND DEFAULT FEE PAYMENTS, FOR LOANS DISBURSED ON OR AFTER OCTOBER 1, 2007.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE.
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