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!
• For your convenience, Bank of America verifies that you have a checking or savings account.  You do not need to provide documentation.

*If the first disbursement on your loan is before 6/30/09, a 0.25% interest rate reduction applies if you have a Bank of America checking or savings account open for at least 60 days between your loan disbursement and your first scheduled payment.  Your rate will be reduced shortly after you make your first scheduled payment on time.  To see our checking and savings accounts, visit https://www.bankofamerica.com/index.isp and click “Checking” or “Savings & CDs”.

Effective for loans guaranteed or initially disbursed after January 1, 2008 and for the 2008-09 academic year:

• 0.50% Automatic Interest Rate Reduction at repayment for all parents who continue to make on-time monthly payment
• Unlimited opportunities to earn back the 0.50% interest rate reduction! If a parent loses their automatic interest rate reduction benefit due to a late payment, the benefit can be recovered unlimited times during the life of the loan. A parent may regain the benefit by subsequently making 24 consecutive on-time monthly payments.
• 0.25% Interest Rate Reduction for parents who have their loan payments automatically withdrawn through Citibank’s auto-debit payment program and agree to only receive electronic statements.

Effective for loans guaranteed on or after May 15, 2008:

• 0.25% interest rate reduction for auto-debit with continuous on-time payments
• Instant credit decision and easy application process online and by phone
• Parents may postpone payment while student is enrolled at least half time
• No pre-payment penalties
• One point of contact for life-of-loan servicing
• Non-profit funded company
• 20 years of experience concentrating solely on student loans

• Zero default prevention fee
• 1% interest rate reduction at disbursement
• .25% interest rate reduction for using auto-debit
• Benefit Repair option after 24 months of on-time payments

(New borrowers beginning October 1, 2007)

• Skip your last five payments after making all previous payments on time¹
• Skip two additional last payments for using auto-debit²
• 3 day grace during each payment period
• Receive personalized financial health e-newsletters
• Minimum monthly payment of $50 and a 10-year repayment term
• Life-of-loan servicing with Nelnet

¹ Sign up for e-correspondence and manage account on-line at Nelnet.com within 90 days of first disbursement, keep a valid email address for the life of the loan, do not opt out of e-correspondence, complete Nelnet.com’s financial health counseling within 90 days of entering repayment, no late payments past 3 day grace period, no pre-payment greater than 3x a single scheduled payment.
² Sign up for ACH within 90 days of entering repayment and maintain ACH for the life of the loan.

Effective for loans disbursed on or after July 1, 2008:

• Interest rate reduced 1% after first 36 scheduled payments are made on time by auto debit.
• Benefit repair: If borrowers miss one of the first 36 payments, they can restore their eligibility for the rate reduction by passing an online financial literacy course