Lender |
Benefits |
Sallie Mae Education Trust®
888-2-SALLIE
www.salliemaeedtrust.com
|
- 0% default fee*
- 4% loan credit for each of your first 12 on-time payments*
*Learn how to earn these benefits. |
Academic Management Services® (AMS), a Sallie Mae Company
800-637-3060
www.amsweb.com
|
- 0% default fee*
- 0.30 percentage point interest rate reduction for automatic debit*
*Learn how to earn these benefits. |
Student Loan Finance Association, SLFA/Oregon First®, A Sallie Mae Company
888-2-SALLIE
www.or-first.com
|
- 0% default fee*
- 0.30 percentage point interest rate reduction for automatic debit*
*Learn how to earn these benefits.
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- 0% default fee*
- 0.30 percentage point interest rate reduction for automatic debit*
*Learn how to earn these benefits. |
Bank of America
800.344.8382
www.bankofamerica.com/studentloans |
- 0% Origination Fee. Bank of America will pay the government's origination fee for you.
- 0.25% Interest Rate Reduction for Bank of America Checking or Savings Account Customers. The rate reduction applies for the life of the loan. Once you earn the reduction, it's yours! NO ACH required! For your convenience, Bank of America verifies that you have a checking or savings account. You do not need to provide documentation.
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- 0.50% automatic interest rate reduction - at repayment for all students who continue to make on-time monthly payments. This benefit is provided regardless of student’s graduation status.
- If a student loses their automatic interest rate reduction benefit due to late or delinquent payments, they have the ability to earn it back. A student may regain the benefit by subsequently making 24 consecutive on-time monthly payments. The benefit can be recovered unlimited times during the life of the loan.
- 0.25% interest rate reduction - for students who have their loan payments automatically withdrawn through Citibank’s auto-debit service and agree to receive electronic statements only. Students may use lender of choice
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Effective 5/1/08:
- Zero Origination Fee
- Zero Default Fee
- 1% credit of the original principal amount after the first 12 consecutive monthly on-time payments. (No more than 10 days past the due date)
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Wells Fargo
800-658-3567
www.wellsfargo.com |
Effective 7/1/08:
- 0.50% interest rate reduction at repayment with proof of graduation
- 0.25% interest rate reduction with automatic payments from a checking or savings account.
- Wells Fargo does not sell your loans. You have one point of contact and one phone number from initial application through final payment.
- Combined billing of Stafford, Grad PLUS, and private loans
- Free Student Checking, Online Banking, and Bill Pay
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| Additional qualification requirements may apply for each benefit listed above. Visit each lender’s web site to learn how to earn their benefits. |
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