| LENDER |
IIT |
BANK OF AMERICA |
CHASE |
| |
(Grad Students Only) |
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| FEES |
0% |
0% |
0% |
| REPAYMENT BENEFITS |
1% interest rate reduction after 24 consecutive, on-time monthly payments, plus an additional 1% interest rate reduction after another 24 consecutive on-time monthly payments. Also, .25% interest rate reduction for payments made automatically using the IDAPP Direct Debit Program. |
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 |
| SERVICER |
IDAPP |
Bank of America |
CHASE |
| CONTACT INFORMATION |
1-800-961-4327 |
1-800-344-8382 |
1-800-487-4404 |
| DAYS AND HOURS |
Monday - Friday 8:00 am - 5:45 pm (Central Time) |
Monday - Friday 8:00 am - 5:00 pm (Central Time) |
Monday - Friday 8:00 am - 7:00 pm (Eastern Time) |
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| LENDER |
CITIBANK |
NATIONAL CITY |
OXFORD BANK |
| |
|
|
|
| FEES |
0% |
0% |
0% |
| REPAYMENT BENEFITS |
0.50% automatic interest rate reduction at repayment for all borrowers, Unlimited benefit recover. 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 agreses to only receive statements electronically |
0% Guarantee/Defualt Fee, Identity Theft Protection |
.3% interest rate reduction for payments made automatically using the IDAPP Direct Debit Program. If student is employed in IL, .5% interest rate reduction. Additional .5% interest rate reduction if student earns between 30,000-50,000. If student makes less than 30,000, full 1% interest rate reduction |
| SERVICER |
CITIBANK |
Great Lakes |
IDAPP |
| CONTACT INFORMATION |
1-800-967-2400 |
1-800-377-9095 |
1-800-961-4327 |
| DAYS AND HOURS |
Monday - Friday 7:00 am - 10:00 pm (Central Time) |
Monday - Friday 8:00 am - 8:00 pm (Central Time) |
Monday - Friday 8:00 am - 5:45 pm (Central Time) |
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