Graduate Loan Incentives

Loan Incentives

Incentives are sometimes offered to students who repay their loans on time. For information on repayment incentives and their availability contact the Direct Loan Servicing Center for Direct Loans. If you have a FFEL, you must contact your lender for particular information about the types of incentive plans in place. The most common plans are:

1. 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%.
2. Automatic Repayment - many lenders will offer a interest rate reduction if you set up automatic payments to your account each month via EFT.
3. Rebate - Certain lenders will refund the origination fees if student pay the first 24 months of their loan on-time
4. Some lenders may offer a zero guarantee fee for all Federal Family Education Loan Program (FFELP) loans. As for your savings, on a $10,000 loan - you will save $100 at disbursement and much more over the life of the loan! Federal law allows guarantors to collect up to 1 percent from each education loan they guarantee. Guarantors place those fees in a federally owned reserve account and may use those funds if a borrower defaults on a loan. Guarantors also may use those fees to pay for their default-prevention efforts.

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.

Graduate Student LoanRepayment Options

Repayment Options

You have a choice of repayment options, depending on the loan program you are applying for, so you can choose the one that best meets your individual needs. We will also let borrowers make payments electronically (and perhaps save money) and reward customers for paying on time.

Standard repayment:

Principal and interest payments are due each month throughout the loan repayment term.

Graduated repayment:

Payments are smaller at the beginning of repayment and step up at specified periods and in specified amounts over the term of the loan.

Income-based repayment:

Monthly loan payments are based on a percentage of the borrower's monthly gross income. StaffordLoan.com offers an income-sensitive repayment plan.

Extended Repayment:

Extended Repayment provides eligible Federal Stafford, Federal PLUS and Alternative loan/Federal Consolidation loan borrowers with payment relief through a lengthened repayment term of up to 25 years.

Serialization and consolidation:

With serialization, the loan holder purchases your loans held by other institutions and services them in one account. You make one monthly payment but retain the original terms and interest rate. With our consolidation program, the borrower may refinance multiple loans. The original loans are paid in full and a new loan for the combined balance is originated, for a new term, often at a new interest rate.

Graduate Student Loan Repayment from Gradloans

Graduate Student Loan Repayment

Are you thinking about how you are going to pay for your education and considering a loan? Already have a student loan and wondering about your Repayment Options? It is important to pay your loan on time. To help you meet your obligations while providing some flexibility for those who need it, we have developed our programs with you in mind.

Considering how to save money after graduation? Take a look at some of the rewards and incentives of consolidation offered to students who pay their loan on time and sign up for direct deposit programs in the incentives and benefits section.

Can't make a payment because you can't find a job, are going back to school, or some other reason, consider an additional deferment allowing you to put off payments for a specific period of time.

Worried about having multiple student loan payments after college? Loan consolidation may be an option for you!

If your questions aren't answered here, send us an email. We will be happy to answer more specific questions.

For student loan consolidation, go to: Student Loan Consolidation Center

We provide detailed information on our student loan programs:

• The Federal Stafford Loan for Graduate Study
• Our Alternative Loan for Graduate Students - Act Alternative Loan for Grads
• Consolidation Loans for Graduates
• Start Managing your Credit

For those of you in specific fields of study, we have developed specific programs to meet your specific need. Please visit:

• MBA Loan Programs
• Dental School Loans
• Medical School Loans
• Business School Loans
• Law School Loans
• Nursing School Loans

from:http://www.gradloans.com/repayment/