Terms and Conditions

Federal Stafford Loan - Terms and Conditions

• Borrower benefits are available for Stafford loans first disbursed July 1, 2006 through June 30, 2007 by Fifth Third and owned and serviced by Sallie Mae^® throughout repayment.
  
  
• To qualify for the 3.3% loan credit:
  • before entering repayment, the borrower must sign up on Manage Your Loans^SM, to receive account information by email.
  • the borrower must make the first 33 payments by the due dates as initially scheduled.
    
    

• The loan credit borrower benefit is based on the original loan balance (less cancellations, refunds and returns).
  
  

• Fifth Third Bank will pay the federal origination fee on the borrower's behalf on Stafford loans for the 2006-2007 academic year that are guaranteed beginning 5/1/06.
  
  
• Fifth Third Bank will pay the federal default fee on the borrower's behalf on Stafford Loans that are guaranteed by USA Funds 7/1/06-6/30/07 and are serviced by Sallie Mae.
  
  

• Sallie Mae reserves the right to modify, continue or discontinue borrower benefit programs at any time without notice.
  
  

  Sallie Mae is a registered service mark and Manage Your Loans is a service mark of Sallie Mae, Inc.  Sallie Mae, Inc. is a wholly-owned subsidiary of SLM Corporation.  SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp. Member FDIC.  © 2006 Sallie Mae, Inc.  All rights reserved.