| LENDER |
BANK OF AMERICA |
CHASE |
CITIBANK |
| |
|
|
|
| FEES |
3% |
3% |
3% |
| REPAYMENT BENEFITS |
Bank of America will offer a 0.25% interest rate reduction to any Bank of America deposit account customer whose loan is serviced on a Bank of America Preferred Servicing Platform. This benefit is also offered to any borrower of a student loan who opens a Bank of America deposit account before entering repayment, provided the borrower's loan is serviced through a Bank of America Preferred Servicing Platform. The reduction will be applied after the borrower makes the first scheduled payment on time |
0% default fee. 0.10% automatic interest rate reduction immediately at repayment |
0.50% automatic interest rate reduction at repayment for all borrowers. Unlimited benefit recovery. The 0.50% interest rate reduction is reinstated when a delinquent borrower makes 24 consecutive on-time monthly payments. 0.25% interest rate reduction when a borrower signs up for our auto-debit payment program and agrees to only receive statements electronically |
| REPAYMENT OPTIONS |
In-School Forbearance if student is enrolled at least half-time. |
1. Standard
2. Graduated
3. Income Sensitive
In-School Forbearance if student is enrolled at least half-time. |
In-School deferment |
| SERVICER |
Bank of America |
CHASE |
Citibank |
| CONTACT INFORMATION |
1-800-344-8382 |
1-800-487-4404 |
1-800-967-2400 |
| DAYS AND HOURS |
Monday - Friday
8:00 am - 5:00 pm
(Central Time) |
Monday - Friday
8:00 am - 7:00 pm
(Eastern Time) |
Monday - Friday
7:00 am - 10:00 pm
(Central Time) |
| |
|
|
|
| LENDER |
OXFORD BANK |
| |
|
| FEES |
3% |
| REPAYMENT BENEFITS |
1% interest rate reduction after 24 on-time consecutive payments, plus 1% additional interest rate reduction after 48 on-time consecutive payments. Also, .25% interest rate reduction with auto debit. |
| REPAYMENT OPTIONS |
In-School Forbearance if student is enrolled at least half-time. |
| SERVICER |
IDAPP |
| CONTACT INFORMATION |
1-800-961-4327 |
| DAYS AND HOURS |
Monday - Friday
8:00 am - 5:45 pm
(Central Time) |
| |
|
