Bank of America
(800)344-8382
www.bankofamerica.com

0% Origination Fee*     

0% Default 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 AccountCustomers**

• 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.
• ACH is not required to obtain this benefit!

*The first disbursement on your loan must occur before 6/30/09 to receive this benefit.

**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. 

Loan Policy Regarding Selling Loans 2007: Your loans are sold to Sallie Mae, you retain your borrower benefits.

0% Default Fee

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.
• ACH is not required to obtain this benefit.

*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. 

Loan Policy Regarding Selling Loans 2007: Your loans are sold to Sallie Mae, you retain your borrower benefits.

Citibank
(800)967-2400
www.studentloan.com

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

• Zero Default Fee
• 0.50% Automatic Interest Rate Reduction at repayment for all students who continue to make on-time monthly payment
• Unlimited opportunities to earn back the 0.50% interest rate reduction! If a student 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 student may regain the benefit by subsequently making 24 consecutive on-time monthly payments.
• 0.25% Interest Rate Reduction for students who have their loan payments automatically withdrawn through Citibank’s auto-debit payment program and agree to only receive electronic statements.

Loan Policy Regarding Selling Loans 2007: Our policy is not to sell your loans.

• 0% Default Fee
• 0.50% Automatic Interest Rate Reduction at repayment for all students who continue to make on-time monthly payment
• Unlimited opportunities to earn back the 0.50% interest rate reduction! If a student 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 student may regain the benefit by subsequently making 24 consecutive on-time monthly payments.
• 0.25% Interest Rate Reduction for students who have their loan payments automatically withdrawn through Citibank’s auto-debit payment program and agree to only receive electronic statements.

Loan Policy Regarding Selling Loans 2007: Our policy is not to sell your loans.

Commonwealth One FCU
(800)424-3334
www.cofcu.org

• Convenient on campus Service Provider
• Credit Union Membership required
• Zero origination fee
• .25% interest rate reduction w/automatic debit
• 3.3% principal reduction (credit loan balance or cash back) after 33 consecutive on time payments
• Must enroll in Manage Your Loans at www.salliemae.com

Loan Policy Regarding Selling Loans 2007: Your loans are sold to Sallie Mae, you retain your borrower benefits.

• Credit Union Membership required
• Must enroll in Manage Your Loans at www.salliemae.com

Loan Policy Regarding Selling Loans 2007: Your loans are sold to Sallie Mae, you retain your borrower benefits.

Edamerica
(800)337-1009
www.edamerica.net

• Zero Origination Fees means more money for you up front
• Zero Default Fee
• 0.25% interest rate reduction for auto-debit
• No pre-payment penalties
• Non-profit funded single-purpose company – student loans are all we do
• 20 years in the student loan industry
• Consolidation options available

Loan Policy Regarding Selling Loans 2007: Life-of-the-loan servicing. Our policy is not to sell your loans.

•0% Default Fee

• 0.60% interest rate reduction for auto-debit with continuous on-time payments
• Parents may postpone payment while student is enrolled at least half time
• No pre-payment penalties
• Non-profit funded single-purpose company – student loans are all we do
• 20 years in the student loan industry
• Consolidation options available

Loan Policy Regarding Selling Loans 2007:Life-of-the-loan servicing. Our policy is not to sell your loans.

SunTrust
(800)552-3006
www.suntrusteducation.com

Effective for loans guaranteed or first disbursed on/after January 1, 2008:

• Zero Default Fee
• 1.5% principal reduction after making the first 12 on-time payments
• 0.25% interest rate reduction for payments made by auto-debit
• No pre-payment penalties
• Consolidation options available

Loan Policy Regarding Selling Loans 2007: Our policy is not to sell your loans.

Effective for loans guaranteed or first disbursed on/after January 1, 2008:

• 0% Default Fee
• 1.5% principal reduction after making the first 12 on-time payments
• 0.25% interest rate reduction for payments made by auto-debit
• Parents can delay repayment through our Pay Now, Pay Later® option while student is enrolled in school at least half-time
• Graduate students can defer payments while enrolled in school at least half-time
• No pre-payment penalties
• Consolidation options available

Loan Policy Regarding Selling Loans 2007: Our policy is not to sell your loans.

Wachovia
(800)338-2243
www.wachovia.com/education

Save up to 7.03 % with Wachovia off your original loan amount when you combine subsidized fees with your principal and interest rate reductions*

• ½ % origination fee subsidy
• Zero default fee
• 1% principal reduction at disbursement*
• .25% interest rate reduction for ACH (auto-debit)
• No pre-payment penalties
• Consolidation options available

* Principal reduction is retained when the first 12 payments are made on time.

Benefit Rehabilitation: If a borrower is delinquent on one of the first 12 payments, they can re-earn the principal reduction benefit by completing a financial literacy tutorial and making the remainder of their first 12 payments on time. The ACH benefit can be turned on or off (repeatedly if applicable) at the borrower’s discretion. Graduation is not required. Includes default fee savings.

Loan Policy Regarding Selling Loans 2007: Our policy is not to sell your loans.

Save 6.19 % with Wachovia off your original loan amount with rate reduction and zero default fees*

• 0% Default Fee
• 1% interest rate reduction after first 36 on time payments
• No pre-payment penalties
• Consolidation options available
• Parents can make NO payments for up to four years with our forbearance option

*Savings based on signing up for ACH (auto-debit) within the first 3 months of payments and making payments on time. Benefit Rehabilitation: If a borrower is delinquent on one of the first 36 payments, they can re-earn the benefit by completing a financial literacy tutorial and making the remainder of their first 36 payments on time. Includes default fee savings.

Loan Policy Regarding Selling Loans 2007: Our policy is not to sell your loans.