- An immediate reduced fixed interest rate of 7.9%
- 3% of your original loan amount credit against the principal*
- .25% interest rate reduction at repayment for auto debit participants
- Defer principal and interest payments while you are in school
- No loan limits borrow up to the full cost of education annually
- Approval is not based on income, financial need or a debt-to-income ratio
- Fast online application and loan processing
- Life of loan servicing at the same servicer
- Flexible repayment options
- Electronic Account Access
- Interest may be tax deductible; consult with your tax advisor
- UPROMISE a free discount program that helps you pay off your loans**
USEFG Reward Program offers substantial savings
An immediate reduced fixed interest rate of 7.9% USEFG will reduce the fixed rate of 8.5% by .60% immediately after the first disbursement. This interest rate incentive will not be affected by any deferment/forbearance because this incentive is irrevocable and permanent.
USEFG will credit 3% of your loan amount against the principal 30 days after your last disbursement.* Most lenders offer rebates but apply them to the accrued interest which does not affect the principal of your loans. Therefore, interest continues to accrue on the original loan amount. In USEFG's case, interest accrues on a lower principal balance which benefits you.
Save 1% Federal Default/Guarantee Fee. For most students, the guarantors used in our programs will pay the customary 1% guarantee fee on bahalf of the student! If this is the case, you will not be required to pay this 1% fee. (Participating Guarantors Only).
.25% Interest Rate Reduction on your loans when you sign up for monthly loan payments via auto-debit your checking account.
**UPROMISE is offered only in conjuction with American Education Services and is free discount program that helps you pay off your loans. Register now at: www.upromise.com/AES
*The 3% PLUS loan rebate will be charged to you in the event you obtain a FFELP Consolidation Loan.
