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Parent PLUS rates as
low as 8.25% |
| |
 |
0% to 1% Default fee,
depending on the guarantor. Borrower
is responsible to pay the Default fee
if not waived by the guarantor. |
| |
Back-end Benefits2 |
| |
|
0.50% interest rate reduction
upon making the first payment on-time |
| |
|
» |
To retain
the benefit, borrower must make and
have payments posted to the account
no later than the scheduled due date |
| |
|
» |
Once lost, borrower
is eligible for reinstatement after
making 24 on-time payments. Process
for reinstatement varies depending upon
the repayment servicer. Borrower should
contact AFC’s customer service
center for more details |
| |
|
0.25% interest rate reduction
with ACH |
| |
|
» |
To retain the benefit,
the borrower must continue to remain
enrolled to make payments via ACH, may
not have payments returned for insufficient
funds, and may not default on the Loan.
Once lost, benefit may not be reinstated. |
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|
Convenient on-line application |
|
Repayment options
|
Deferment and forbearance
options |
|
Flexible repayment options
available |
|
Interest may be tax deductible |
|
No penalty for early
repayment |
|
