Nellie Mae
(829076)

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Fees: 3% origination fee.

For loans guaranteed before 02/01/08: 2.4% loan credit after making the first 24 payments as initially scheduled. 1% interest rate reduction after making the first payment as initially scheduled. To qualify, the borrower must sign up for Manage Your Loans. 0.25% interest rate reduction at first disbursement good for life of the loan. 0.50% interest rate reduction for auto-debit payments.

For loans guaranteed on/after 02/01/08: 2.25% loan credit for making the first 12 payments as initially scheduled. To qualify, the borrower must sign up for Manage Your Loans. 0.25% interest rate reduction for auto-debit payments.

Bank of America
(806746)

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Fees: 3% origination fee.
3% principal rate reduction after making 36 payments on-time:1% principal rate reduction after making payments 1-12, 1% principal rate reduction after making payments 13-24, 1% principal rate reduction after making payments 25-36.  0.25% interest rate reduction with ACH debit from any checking or savings account. 45 day grace period.

CHELA Education Financing (833953)

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For loans disbursed before 10/01/07:
Fees: 3% origination fee.
CHELA will rebate 3% origination fee back to the borrower in the form of payment to principal after the loan is fully disbursed. 0.75% interest rate reduction at repayment. Additional 0.25% interest rate reduction for auto debit of loan payments. To qualify, PLUS borrowers must have a minimum loan balance of $7500. The benefit is lost if the account becomes 30 days past due.

For loans disbursed on/after 10/01/07:
Fees: 3% origination fee and 1% loan default fee.
CHELA will forgive the last five payments on your loan after all previous payments are made on time (no more than 3 days past the scheduled due date). Additional two last payments will be forgiven for using auto-debit to make your loan payments. To qualify, you must sign up for e-correspondence and complete exit counseling at www.nelnet.com. If prepayment exceeds more than three times the value of regularly scheduled payment, the last five payment s will not be waived.

ALL Student Loan Corp. (833752)

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For loans disbursed on/after 06/01/07.          

Fees: 3% origination fee.
2.25% immediate interest rate reduction at repayment (includes a 1.00% interest rate reduction for on-time payments and a 1.25% interest rate reduction for automatic debit payments). Interest credit, equivalent to the applicable origination fee, at the beginning of repayment. $10,000 aggregate balance required.

AMS
(833067)

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For loans disbursed on/after 06/01/07.

Fees: 3% origination fee.

For loans guaranteed before 02/01/08:  3% loan credit after making the first 36 payments as initially scheduled. 1% interest rate reduction after making the first payment as initially scheduled. To qualify, the borrower must sign up for Manage Your Loans. 0.25% interest rate reduction at first disbursement for life of the loan. 0.50% interest rate reduction for auto-debit.

For loans guaranteed on/after 02/01/08: 1.75% loan credit after making the first 36 payments as initially scheduled. To qualify, the borrower must sign up for Manage Your Loans. 0.40% interest rate reduction for auto-debit.

Sallie Mae Education Trust (802218)

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For loans disbursed on/after 06/01/07.

Fees: 3% origination fee.

For loans guaranteed before 02/01/08: 1% loan credit after making the first 12 payments as initially scheduled. 1% interest rate reduction after making the first payment as initially scheduled. To qualify, the borrower must sign up for Manage Your Loans. 0.25% interest rate reduction at first disbursement good for life of the loan. 0.50% interest rate reduction for auto-debit.

For loans guaranteed on/after 02/01/08: 1% loan credit after making the first 12 payments as initially scheduled. To qualify, the borrower must sign up for Manage Your Loans. 0.70% interest rate reduction for auto-debit.

Sun Trust
(820564)

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For loans disbursed on/after 06/01/07.

Fees: 3% origination fee. 1% additional loan default fee for loan guaranteed or first disbursed after 01/01/08.

For loans guaranteed before 02/01/08: 2% loan credit after making the first 24 payments as initially scheduled. 0.75% interest rate reduction after the first on time payment as initially scheduled. To qualify, borrower must sign up for Manage Your Loans. 0.25% interest rate reduction at first disbursement good for life of the loan. 0.75% interest rate reduction for auto-debit.

For loans guaranteed before 02/01/08: 1.5% loan credit after making the first 12 payments as initially scheduled. To qualify, borrower must sign up for Manage Your Loans. 0.25% interest rate reduction for auto-debit.

Wachovia Education Finance
(811323)

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Fees: 3% origination fee.

For loans with 1st disbursement prior to 01/01/08: 7.9% fixed interest rate - 0.60% interest rate reduction, immediately after the first disbursement.
3% rebate - 3% rebate of the original principal balance will be credited to the borrower's accrued interest, 180 days after the final disbursement. To qualify, borrower must sign up for Manage Your Loans.

For loans with 1st disbursement on/after 01/01/08: The lender does not offer repayment incentives.

University Credit Union
(832123)

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For loans disbursed on/after 06/01/07.

Fees: 3% origination fee.

For loans guaranteed before 02/01/08: 1% loan credit after making the first 12 payments as initially scheduled. 1% loan credit after making the first 30 payments as initially scheduled. 0.75% interest rate reduction after making the first payment as initially scheduled. To qualify, the borrower must sign up for Manage Your Loans . 0.25% interest rate reduction at first disbursement good for life of the loan. 0.75% interest rate reduction for auto-debit.

For loans guaranteed before 02/01/08: 1% loan credit after making the first 12 payments as initially scheduled. To qualify, the borrower must sign up for Manage Your Loans . 0.50% interest rate reduction for auto-debit.

Chase Education Finance
(811925)

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For loans disbursed on/after 06/01/07.

Fees: 3% origination fee. 1% default fee.
0.25% interest rate reduction for ACH. Benefit becomes available when SLMA purchases the loan, typically 60 days after full disbursement. No repayment incentives are available for loans guaranteed on/after 02/01/08.