For the 2007-2008 Academic Year
After seeking out grants and scholarships that don’t have to be paid back, consider a Federal Stafford Loan as a low-cost option to help pay for college. Choose us as your lender and you may be eligible for these borrower benefits: - 0% default fee*
- 4% loan credit for each of your first 12 on–time payments*
*Learn how to earn these benefits. |
And, when you join Upromise®, you can use your Upromise rewards to help pay down balances automatically on your eligible Sallie Mae-serviced student loans by linking your Sallie Mae® account to your Upromise account with Upromise Loan LinkSM! To learn more, or to join Upromise now, go to
www.salliemae.com/upromise.
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.
Features:
- The interest rate on Stafford loans first disbursed beginning July 1, 2006 is fixed at 6.8%.
- Flexible repayment options are available, including consolidation.
- No payments are required while you are in school at least half time.
- There is no prepayment penalty.
- No credit check is required.
- Six month grace period when no payments are required immediately following your graduation or dropping to less than half-time status.
Stafford loans are fixed rate loans (6.8%) available to undergraduates and graduate students who are attending school at least half-time. There are two types of Stafford loans: subsidized and unsubsidized. More information
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