Discounts

Electronic Debit Account (EDA): If you repay your loans through the EDA repayment option, you will receive a quarter point (.25%) discount on your interest while in repayment.

Direct Consolidation Loan Discount: If you have a Direct Consolidation Loan, made between October 1, 2000 and September 30, 2001, you will receive a 0.8 percent discount on your interest rate. To keep the lower interest rate, you must make all of your first 12 required monthly payments on time when you begin repaying your loan.

Details regarding the interest rate discounts can be found in the Frequently Asked Question (FAQ) section of this web site.