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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

State-Specific Savings

Special Savings for Pennsylvania

If you are attending school in Pennsylvania, follow this link to learn more about the KeystoneBEST Stafford Loan.

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Use our fast online application or call us toll-free at (877) 689-0763.

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¹ Future savings may vary. This benefit program may be modified or discontinued at any time without notice. Program changes will not affect loans that qualify for the benefit prior to the time of the change. Borrower is responsible for payment of applicable taxes. Earned benefits terminate upon loan default and/or loan transfer to the guarantor or insurer. Auto debit must be active by third month of repayment in order to qualify.

² Actual savings may vary. Estimated savings amounts assume that the borrower qualifies for all benefits and that all rebates are applied against the outstanding loan principal.

Stafford Loans originated by Wachovia Education Finance Inc.

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