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Lender |
Benefits |
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Capital One
Lender Code: 829030
Servicer: Sallie Mae |
- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a 1% interest rate reduction after 24 on-time payments and an additional 1% interest rate reduction after 48 on-time payments.
- Borrowers can receive a .25% interest rate reduction for auto-debit service.
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Chase Bank
Lender Code: 805156
Servicer: Citibank |
- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a 3.3% cash back or account credit after first 33 on-time payments on the manage your loans program.
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Citibank
Lender Code: 826878
Servicer: Citibank |
- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a 1% interest rate reduction upon graduation.
- Borrowers can receive a .25% interest rate reduction for auto-debit service.
- Borrowers can receive a zero payment plan the last 6 months when all payments are made on time.
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Edamerica
Lender Code: 831453
Servicer: Ed Financials |
- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a 1% interest rate reduction upon graduation
- Borrowers can receive a 1% rebate after 12 on-time payments and a 1% rebate after an additional 12 on-time payments.
- Borrowers can receive a .25% interest rate reduction for auto-debit service.
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Hancock Bank
Lender Code: 806689
Servicer: Education Services Foundation |
- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a 2% interest rate reduction after the first 48 on-time payments.
- Borrowers can receive a .25% interest rate reduction for auto-debit service.
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Louisiana Education Loan Authority (Lela)
Lender Code: 805113
Servicer: Ed Financials
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- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a 3% interest rate reduction after first 36 on-time payments.
- Borrowers can receive a .25% interest rate reduction for auto-debit service.
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Nellie Mae
Lender Code: 829076
Servicer: Sallie Mae |
- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a 3.33% cash back or credit based on the original principal amount after the first 33 on-time payments.
- Borrowers can receive a .50% interest rate reduction for auto-debit service.
- Borrowers can receive a 2.4% loan credit at 24 on-time payments.
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Nelnet
Lender Code: 833669
Servicer: Nelnet |
- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a 3.33% reduction of original principal loan balance after making the first 30 on-time payments.
- Borrowers can receive a 1% interest rate reduction for auto-debit service effective 7/1/07
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Regions Bank
Lender Code: 810612
Servicer: Sallie Mae |
- Borrowers can receive a 0% origination fee.
- Borrowers can receive a 7% loan credit on the original loan amount after the first 36 on-time payments.
- Borrowers can receive a .50% interest rate reduction for auto-debit service.
- Borrowers can receive a .25% interest rate reduction after 1 on-time payment an a 3% loan credit after 18 on-time payments.
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Sallie Mae Education Trust
Lender Code: 802218
Servicer: Sallie Mae |
- Borrowers can receive a 0% origination fee and 0% default fee.
- Borrowers can receive a .50% interest rate reduction for auto-debit service and .75% interest rate reduction for direct repay.
- Borrowers can receive a upromise account reward of 1% based on the original loan amount after the first 24 on-time payments and 4% based on the scheduled monthly payment amount of each of the first 12 on-time payments.
- Borrowers can receive a .25% interest rate reduction after 1 on-time payment.
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Wachovia
Lender Code: 830005
Servicer: Wachovia |
- Borrowers can receive a 0% origination fee.
- Borrowers can receive a 1% rebate after the first 12 on-time payments and a 1.5% rebate after the first 24 on-time payments.
- Borrowers can receive a .50% interest rate reduction for auto-debit service.
- Borrowers can receive a 1% rebate at the start of repayment and a 2% rebate at disbursement.
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