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Student Loan Repayment

Payment Incentives

 
 
Private Loan Payment Incentives


Payment incentives for private loans offered in association with CampusDoor. For information on previous private loans, please refer to your loan application materials or call us at 800-282-1550.

   
On-time payment incentive

Lower your interest rate by 0.5% after 48 consecutive on-time scheduled loan payments.1

Auto-debit incentive

Receive a 0.5% interest rate reduction by authorizing Auto-debit payments.1

Cosigner Release

Cosigner is eligible for release after 36 consecutive on-time payments.1

1At all times the discount rates and cosigner release terms are subject to change. The on-time benefit must be earned. Cosigner 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.

Federal Stafford Loan Payment Incentives
   
Auto-debit incentive – Lower your interest rate by an additional 0.25%

If you authorize Access Group or your loan servicer to automatically withdraw monthly loan payments from your checking or savings account, you will receive a 0.25% per annum reduction on your interest rate.

This interest rate reduction will permanently terminate the first time you have insufficient funds in your account to cover the payment debited. If you change banks or enter any type of forbearance, the interest rate reduction will be temporarily suspended until you re-establish automatic payments.

Note: To activate this interest rate reduction the first time or following any such suspension, you must contact your loan servicer and submit a completed enrollment form.

Federal PLUS Loan Payment Incentives
   
Auto-debit incentive – Lower your interest rate by an additional 0.25%

If you authorize Access Group or your loan servicer to automatically withdraw monthly loan payments from your checking or savings account, you will receive a 0.25% per annum reduction on your interest rate.

This interest rate reduction will permanently terminate the first time you have insufficient funds in your account to cover the payment debited. If you change banks or enter any type of forbearance, the interest rate reduction will be temporarily suspended until you re-establish automatic payments.

Note: To activate this interest rate reduction the first time or following any such suspension, you must contact your loan servicer and submit a completed enrollment form.

The terms and conditions of all student loan payment incentives are subject to change.

 
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