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At Wachovia, we offer immediate savings to our Graduate PLUS Loan customers.
Unlike other lenders whose rebates may be available after twelve, twenty-four or thirty-six months of on-time payments, our interest rate reduction is applied immediately after full disbursement.
When you choose Wachovia as your Graduate PLUS Loan provider, you can receive two money-saving benefits1:
Here’s how our special rebates work:
You receive a 0.60% interest rate reduction immediately after your first disbursement, lowering the 8.50% fixed rate to 7.90%.
This incentive rate is retained for the life of the loan, provided that your first 12 regularly scheduled payments are made on time. Automatic payments are not required to participate and deferred repayment will not affect your eligibility for this rebate.
In addition, 180 days after full disbursement, a three percent interest credit in an amount equal to your origination fee will be subtracted from your accrued interest. Over the life of the loan, these savings can really add up.
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It only takes a few minutes to apply and most customers pre-qualify in seconds. Use our fast online application or call us toll-free at (877) 689-0763.
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