Incentives

The Student Loan People

BestStart Stafford Loans

Disbursed on or after 7/1/08:
  • 1% origination fee
  • 0% federal default fee (Kentucky only)
  • 0.25% interest rate reduction for auto debit
Disbursed between 7/1/06 and 6/30/07:
  • 0% origination fee
  • 0% federal default fee
  • 3.5% credit to the original loan principal after the first 30 consecutive on-time payments
  • 0.25% interest rate reduction for auto debit
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 auto debit
Disbursed between 7/1/99 and 7/31/02:
  • 2% interest rate reduction after the first 30 consecutive on-time payments
  • 0.25% interest rate reduction for auto debit
Best Grad - Graduate PLUS Loan

Disbursed on or after 7/1/08:

  • 0% federal default fee (Kentucky only)
  • 3% origination fee
  • 0.25% interest rate reduction for auto debit
Disbursed between 7/1/06 and 6/30/07:
  • 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 auto debit
Best PLUS - Parent Loan for Undergraduate Student

Disbursed on or after 7/1/08:

  • 0% federal default fee (Kentucky only)
  • 3% origination fee
  • 0.25% interest rate reduction for auto debit
Disbursed between 7/1/06 and 6/30/07:
  • 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 auto debit
Disbursed between 7/1/04 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 auto debit
Disbursed between 7/1/99 and 6/30/04:
  • 1% interest rate reduction after the first 30 consecutive on-time payments
  • 0.25% interest rate reduction for auto debit