Bank of America
824421 |
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!
*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”.
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Citibank
826878 |
- Automatic 0.50% interest rate reduction at repayment.
- 1% Default Fee paid by guarantor
- Benefit Recovery Program on the automatic interest rate reduction. Make 24 consecutive on-time monthly payments to recover the automatic interest rate benefit any time during the life of a loan.
- 0.25% interest rate reduction for automatic debit payment program and the borrower agrees to receive electronic statements only.
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First Tennessee
810563 |
- Flexible repayment options
- Full payment deferral while you are in school at least half-time
- No income or collateral requirements
- Life-of-loan servicing through Edfinancial Services
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Sallie Mae
802218 |
Effective for loans guaranteed on or after June 9, 2008
- 0.25% Interest Rate Reduction for automatic debit
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U.S. Bank
815678 |
- U.S. Bank will pay the 2% origination fee on behalf of the borrower.
- Once in repayment, the borrower will receive a 5% credit of the original principal balance after 36 consecutive monthly on-time payments.
- In addition, the borrower can receive a .25% interest rate reduction when payments are automatically deducted from a checking/savings account. (Automatic payments are not required to receive the 5% credit after 36 months of on-time payments.) Automatic payments from other banks' checking accounts qualify for the interest rate discount.
- Payments are considered on-time if received no later than 20 days beyond the due date.
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