Private Student Loan Borrower Benefits

With our private student loan programs, you may be eligible for interest rate reductions for direct debit and for on-time payment of your private student loan. You can also prepay on the loan penalty-free at any time.

Interest Rate Reductions

• Direct Debit Discount – During repayment, if you choose to make monthly payments by direct debit, your loan interest rate will be reduced by 0.5 percent.*
• On-Time Payment Discount – If you make 48 consecutive on-time payments, your loan interest rate will be reduced by 0.5 percent.*

Repayment Options

• Co-signer Release Request – If you have a loan co-signer and make 36 on-time monthly payments, you can request to have the co-signer released from loan obligations subject to the Lender's policy on co-signer release.*
• Penalty-Free Prepayment Option – There is no penalty for prepayment of loan principal.

Apply Now or call toll-free 866-930-3969

*At all times the discount rates and co-signer release terms are subject to change. The on-time benefit must be earned. Co-signer release is contingent upon the borrower's credit profile which will be reviewed by the Lender prior to release. Loan delinquency, default, or the use of forbearance may result in the revocation of all Borrower Benefits.