Federal Stafford Loan Borrower Benefits

You may qualify for a 0.25% reduction.

Lenders partnering with Iowa Student Loan will provide you with 0.25% of the loan balance and apply this amount toward the upfront origination fee (set at 0.50% beginning July 1, 2009).

Eligibility Requirements

To be eligible for this Federal Stafford Loan borrower benefit, you must:

• Be the recipient of a Federal Stafford Loan first disbursed on or after July 1, 2009.
• Borrow a Federal Stafford Loan from one of these lenders.

Auto-Debit Benefit

In addition, Iowa Student Loan will provide you with a 0.25% interest rate reduction if you pay by auto-debit. The auto-debit privilege is deactivated if three payments are returned for insufficient funds within a 24-month period.

Eligibility Requirements

To be eligible for this Federal Stafford Loan borrower benefit, you must:

• Be the recipient of a Federal Stafford Loan first disbursed on or after July 1, 2009.
• Borrow a Federal Stafford Loan from one of these lenders.