Please Note: The interest rate for loans first disbursed July 1, 2006 or later is fixed at 8.50%.
Money-saving benefits from Regions
You may be eligible for benefits that lower the 8.5% interest rate to as low as 6.75%, and let you earn a 1.5% loan credit!
- Earn a 0.25 percentage point interest rate reduction for the life of the loan when your loan is first disbursed*
- Earn a 0.50 percentage point interest rate reduction for auto debit*
- Earn a 1 percentage point interest rate reduction after your first on-time payment with a one-time benefit reinstatement opportunity*
- Earn a 1.5% loan credit after you make your first 18 on-time payments*
- Upromise Loan Link SM
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.
* Terms and conditions apply. The 6.75% interest rate assumes the borrower takes advantage of all available interest rate reductions. The automatic-debit benefit is available during active repayment for as long as the borrower's monthly payment is successfully deducted from his/her bank account. To qualify for the 1 percentage point interest rate reduction and the 1.5% loan credit, the borrower must sign up on Manage Your Loans SM , prior to the first payment due date, to receive account information by e-mail and make the required number of payments by the due dates as initially scheduled. The 1 percentage point interest rate reduction benefit continues during active repayment for as long as the borrower continues to pay as initially scheduled. A borrower who makes a single late payment can re-earn this interest rate reduction once by making the next 24 monthly payments by the due dates as initially scheduled. Loan credit borrower benefits are based on the original principal loan amount (less cancellations, refunds and returns). Borrower benefits are effective for loans owned and serviced by Sallie Mae and first disbursed July 1, 2007 through June 30, 2008.
† 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.