Please Note: The interest rate for loans first disbursed July 1, 2006 or later is fixed at 8.50%.
Money-saving benefits from Regions
When you get a Graduate PLUS Loan from Regions Bank you can take advantage of the following benefits:
*Use automatic debit and save You may qualify for a 0.25 percentage point interest rate reduction when you make payments on your federal loans by automatic debit.
Upromise® can help you pay down your loan
Take advantage of Upromise Loan Link to help you pay down your loan. Join Upromise and you can earn rewards on your everyday purchases from leading participating companies. Then link your Sallie Mae-serviced loan account to your Upromise account and designate a percentage of the earnings in your Upromise account to be transferred to your eligible Sallie Mae-serviced student loan account on a quarterly basis to help pay down your balance. Join today at http://www.upromise.com/regions.
No payments during school
Sallie Mae will automatically defer your payments while you're in school so you can focus on your studies and not worry about your student loans.† For added convenience, you have the option to align repayment on your Graduate PLUS Loan with your Stafford loans and write one check each month for all your Sallie Mae-serviced loans.
For more information, please call 1-800-858-7822 or email Studentlending@regions.com.
Loans are subject to credit approval.
* Borrowers who authorize the automatic debit of funds from their bank account to cover their monthly education loan payments will receive an interest rate reduction of 0.25 percentage point during repayment on eligible Graduate PLUS Loans. Assuming the loan is serviced by Sallie Mae, the benefit remains available for as long as the borrower's monthly payment is successfully deducted from the borrower's bank account. Borrowers can elect to make payments via automatic debit through Sallie Mae's online account management system. This benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment or forbearance. If the loan is not serviced by Sallie Mae, other restrictions may apply
† A Graduate PLUS Loan is automatically placed into an in-school deferment based on your school's certification. You are responsible for the interest that accrues during this time. Unpaid interest will be capitalized (added to loan principal) so you will pay interest on a higher loan amount.
Upromise Loan Link is a service mark and Upromise is a registered service mark of Upromise, Inc. Sallie Mae is a registered service mark and Manage Your Loans is a service mark of Sallie Mae, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America.