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Incentives and Discounts
Many education loan providers offer programs that significantly reduce the cost of your loan. These programs are often referred to as borrower benefits or interest rate discount programs. But look carefully at these programs. Some do not kick in until four years into repayment.
These programs generally provide incentives for having payments automatically deducted from a savings or checking account or consecutive on-time payments . Take advantage of these incentives and discounts - after all, it's truly free money with no strings attached.
For information on repayment plans,
click here.
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