HOW CAN I SAVE MONEY ON THIS LOAN?
At Wachovia, we offer great savings to all of our Federal Stafford Loan customers. In addition to providing zero origination fees at disbursement, we also offer great rewards during repayment.
Wachovia Gives You Four Big Principal Reductions:
Instant 1.5% rebate (zero origination fee)
1% rebate at the start of repayment
1% rebate after 12 scheduled payments
1.5% rebate after 24 scheduled payments
When these rebates are combined and applied to your outstanding loan balance, your savings can increase up to 8.69% of your original loan amount over the life of the loan.1
To qualify for repayment rebates, you simply need to make consecutive, on-time loan payments using automatic payment from your bank account.
Estimated Savings
Because our rebates reduce your total loan balance, you pay less interest over the life of your loan.2
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8.69% | 8.69% | 8.69% | 8.69% | $304 | $652 | $739 | $869 |
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State-Specific Savings
Ready to apply?
Use our fast online application or call us toll-free at (877) 689-0763.
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