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Serving you before, during and after college.
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| If your Federal Stafford Loan ... | Then ... |
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| Is first disbursed on or after July 1, 2009, |
You may qualify for a 0.25% reduction. Lenders partnering with Iowa Student Loan will provide you with 0.25% of the loan balance and apply this amount toward the upfront origination fee (set at 0.50% beginning July 1, 2009). Eligibility RequirementsTo be eligible for this Federal Stafford Loan borrower benefit, you must:
Auto-Debit Benefit In addition, Iowa Student Loan will provide you with a 0.25% interest rate reduction if you pay by auto-debit. The auto-debit privilege is deactivated if three payments are returned for insufficient funds within a 24-month period or if the feature is canceled. Eligibility RequirementsTo be eligible for this Federal Stafford Loan borrower benefit, you must:
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| Is made by U.S. Bank and serviced by Iowa Student Loan, |
You may qualify for a 0.25% reduction. U.S. Bank is offering you a 0.25% interest rate reduction if you pay by auto-debit. Auto-debit is a requirement to be qualified for the 0.25% interest rate reduction benefit. The auto-debit privilege is deactivated if three payments are returned for insufficient funds within a 24-month period or if the feature is canceled. Important Notice: Borrower benefits may be modified or discontinued at any time without notice and at the sole discretion of U.S. Bank. Subsequent changes, however, will not affect loans already qualified for borrower benefits. |
Iowa Student Loan will provide you with a 0.25% interest rate reduction on Federal PLUS and Grad PLUS loans first disbursed on or after July 1, 2009, if you pay by auto-debit.
If the auto-debit feature is canceled or if three payments are returned for insufficient funds within a 24-month period, the rate reduction benefit is lost.
| Eligibility Requirements |
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To be eligible for the Federal PLUS or Federal Grad PLUS loan borrower benefit, you must:
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U.S. Bank will provide you with a 0.25% interest rate reduction if you pay by auto-debit. Auto-debit is a requirement to be qualified for the 0.25% interest rate reduction benefit. The auto-debit privilege is deactivated if three payments are returned for insufficient funds within a 24-month period or if the feature is canceled.
| Eligibility Requirements |
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To be eligible for the Federal PLUS or Grad PLUS Loan borrower benefit offered by U.S. Bank, you must:
Important Notice: Borrower benefits may be modified or discontinued at any time without notice and at the sole discretion of U.S. Bank. Subsequent changes, however, will not affect loans already qualified for borrower benefits. |
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If your loans were first disbursed before July 1, 2009, please call (800) 243-9201 for information on your specific borrower benefits. |
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