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Lender ID: 833669 GradPLUS Loan benefits
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* Nelnet reserves the right to modify or terminate borrower benefit programs at its discretion and without prior notice. Nelnet loans made on or after May 1, 2008, include a benefit of a 0.25% interest rate reduction for borrowers who choose to have payments automatically deducted from their bank account. However, this borrower benefit is subject to the availability of the benefit programs outlined in the Department of Education's Federal Register notice on July 1, 2008, to make student loans eligible for finance or purchase by the Department. If the Department discontinues its support of this benefit, Nelnet may discontinue the benefit on future loans. A borrower's failure to satisfy benefit eligibility requirements may result in the loss of the benefit. |