Borrower Benefits
Wachovia
Federal Stafford Loans (Subsidized/Unsubsidized)
- Fixed interest rate of 6.8% for Unsubsidized and fixed 5.6% interest rate for Subsidized
- No payment while in school at least half time and for six months after the student leaves school
- Repayment options if borrowers need to postpone or temporarily lower payments
- Free on-line account access available 24 hours a day
- Combined billing for Stafford
- One place for all your students’ financial needs ranging from checking and savings accounts, to loans, investments and insurance.
- No pre-payment penalties
Federal Parent PLUS Loans
- Fixed interest rate of 8.5%
- Postponed payments for up to five years while their student is enrolled at least half-time (borrower must request forbearance annually)
- Dedicated PLUS counselors available to resolve credit issues
- Cosigner option available
- Call 877-916-PLUS (7587) for faster pre-approvals
- No pre-payment penalties
- Free on-line account access available 24 hours a day
- One place for all of their financial needs including a full range of banking services ranging from checking and savings accounts, to loans, investments and insurance
SunTrust, USBank, CollEdge
- .25% interest rate reduction for making payments using auto-debit
- 24/7 student loan application and account access online at www.nelnet.com
- Toll-free access to helpful Nelnet Advisors: 1.877.804.3603
- Flexible repayment options
- Free practice tests for standardized exams, scholarship searches and FAFSA assistance online at www.nelnet.com
