Federal Stafford Lender List

Lender code: 802118
Phone: (888) 272-5543
www.salliemaeedtrust.com

• 0% origination fee— Sallie Mae Education Trust will pay the 1.5% origination fee on the borrower's behalf on Stafford Loans for Academic Year 2007-2008.


• 0.50 percentage point interest rate reduction by choosing to make payments through automatic debit.^*


• Accumulate rewards equal to 4% of your monthly payment—into your Upromise account—for each of your first 12 on-time payments.^*


• Accumulate rewards equal to 1% of your loan amount—into your Upromise account—when you make your first 24 on-time payments.^*


• Upromise Loan Link^SM to help pay down student loan balance.^*


• Borrower benefits are effective for loans serviced by Sallie Mae and first disbursed July 1, 2007 through January 31, 2008. Check back soon for updated information for the remaining 2007/2008 academic year.

*Learn more about these benefits

Lender code: 826878
Phone: (800) 967-2400
www.studentloan.com

• 0.50% automatic interest rate reduction at repayment for all borrowers


• Unlimited benefit recovery. The 0.50% interest rate reduction is reinstated when a delinquent borrower makes 24 consecutive on-time monthly payments


• 0.25% interest rate reduction when a borrower signs up for our auto-debit payment program and agrees to only receive statements electronically


• Federal Default Fees ranging from 0% to 1% depending on the guarantor

Lender code: 807176
Phone: (800) 658-3567
www.wellsfargo.com/student

• 0% origination fee


• 0% federal default fee


• 2% interest rate reduction after making the first 36 consecutive payments on time and enrolling in electronic statements


• .25% interest rate reduction when Wells Fargo automatically withdraws payments from a checking or savings account and borrower enrolls in electronic statements.


• Combined billing for all Wells Fargo federal and alternative loans


• Borrower’s loans are not sold

Bank of America

Lender code: 824421
Phone: (800) 344-8382
bankofamerica.com/studentloans

• 0.00% origination fee for all Stafford borrowers - providing immediate savings at disbursement – when students need the financing most.


• 0.00% default fee for all federal loan borrowers. Bank of America will pay the federal default fee provided the guarantor does not offer this benefit.


• Immediate 0.25% interest rate reduction during repayment with auto debit.


• Up to 3.00% in outstanding principal reductions during first 36 months of repayment. Bank of America principal reductions are constructed to maximize receipt of these benefits. Reductions are provided during the first 36 months of repayment. A 1% principal reduction is provided after the first, second, and third 12-months of consecutive, on-time payments. Should a borrower miss a payment in one of the 12-month periods, they still qualify to receive reductions in the remaining period(s).


• Once received, principal reductions remain with the borrower for the duration of repayment.

US Bank

Lender code: 827269
Phone: (800) 242-1200
www.usbank.com/studentloans

• 0% origination fee


• 0% default fee


• 5% rebate of original principal balance after 36 months consecutive on-time payments (payments received within 20 days of due date are considered on time


• .25% interest rate reduction for autopay