Accumulated rewards equal to 4% of the scheduled monthly payment amount accrue in the borrower’s Upromise account after each of the first 12 monthly payments are received by the due dates as initially scheduled. These rewards will vest after the borrower makes the 12th scheduled payment to Sallie Mae and the loan is in a non-delinquent or non-default status. Accumulated rewards equal to 1% of the original principal loan amount (less cancellations, refunds and returns) accrue in the borrower’s Upromise account following full disbursement and vest after the borrower makes the first 24 payments by the due dates as initially scheduled. In addition to making the scheduled number of payments as defined, to earn accumulated rewards, the borrower must: sign up on Manage Your Loans^SM, prior to the entering repayment, to receive account information by e-mail; complete an annual online credit education tutorial; certify completion of his/her program of study; and link his/her Sallie Mae student loan account to his/her Upromise account at www.salliemae.com/upromise.

The automatic debit benefit is available during active periods of repayment for as long as the borrower's monthly payment is successfully deducted from his/her bank account.

Borrowers who sign up with Upromise and link their eligible Stafford loan will have the opportunity to use their Upromise cash savings to pay down their outstanding Stafford loan balance.

Other terms and conditions apply. The above benefit programs are available on Stafford loans first disbursed July 1, 2007 through January 31, 2008. Sallie Mae reserves the right to modify or discontinue borrower benefit programs at any time without notice.