Loan Incentives

Incentives are sometimes offered to students who repay their loans on time. For information on student loan repayment incentives and their availability contact the Direct Loan Servicing Center for Direct Loans.

The most common plans are:

• On time Payments - If you pay your first 48 loan payments (for actual number of payments please see your lender) on time then they will lower your interest rate. This could be as much as 2% or 3%.
• Automatic Repayment - many lenders will offer a interest rate reduction if you set up automatic payments to your account each month via EFT.
• Rebate - Certain lenders will refund the origination fees if student pay the first 24 months of their loan on-time

Check with your lender to find out specific incentives they offer. If you are not sure who your lender is, then please click here. Also, please visit Edvisors.com Financial Aid Listings for more information.