Incentives

Auburn University Only

BestStart Stafford Loans

Disbursed on or after 7/1/06:
  • 2% origination fee
  • 0% federal default fee
  • 2% credit to the original loan principal upon entering repayment
  • 3.5% credit to the original loan principal after the first 30 consecutive on-time payments
  • 0.25% interest rate reduction for Electronic Funds Transfer (EFT)
Disbursed between 5/1/04 and 6/30/06:
  • 3.5% credit to the original loan principal after the first 30 consecutive on-time payments
  • 0.25% interest rate reduction for Electronic Funds Transfer (EFT)
  • Kentucky residents only - 3% credit to the original loan principal upon repayment
  • Non-Kentucky residents only - 1% credit to the original loan principal upon repayment
Best Grad - Graduate PLUS Loan

Disbursed on or after 7/1/06:
  • 3% origination fee
  • 0% federal default fee
  • 1% interest rate reduction once fully disbursed
    (Monthly on-time payments must be made to keep this benefit)
  • 3.5% reduction to the principal after 30 consecutive on-time payments
  • 0.25% interest rate reduction for Electronic Funds Transfer (EFT)
Best PLUS - Parent Loan for Undergraduate Student

Disbursed on or after 7/1/06:
  • 3% origination fee
  • 0% federal default fee
  • 1% interest rate reduction once fully disbursed
    (Monthly on-time payments must be made to keep this benefit)
  • 3.5% reduction to the principal after 30 consecutive on-time payments
  • 0.25% interest rate reduction for Electronic Funds Transfer (EFT)
Disbursed between 5/1/04 and 6/30/06:
  • 1% interest rate reduction after the first 30 consecutive on-time payments
  • 1% principal reduction 90 days once fully disbursed
  • 0.25% interest rate reduction for Electronic Funds Transfer (EFT)
Consolidation Loans

Disbursed on or after 7/1/04:
  • 1% interest rate reduction after the first 30 consecutive on-time payments
  • 0.25% interest rate reduction for Electronic Funds Transfer (EFT)
Disbursed between 7/1/99 and 6/30/04:
  • 0.25% interest rate reduction for Electronic Funds Transfer (EFT)