Discounts & Borrower Benefits
We've created a unique lending model that allows us to provide you with a combination of great rates and great
service. The ScholarPoint Consolidation loan includes one of the best benefits packages in the industry.
| Discounts & Benefits |
How they work |
| .25% Instant Rate Reduction |
Receive a 0.25% instant reduction in your interest rate for signing up for auto payment (debit) and making your payments automatically from your bank account. |
Initial 12-Months
No Payment Option |
You can enroll in our exclusive 12-Months No Payment option. This program allows you to defer your payments through forbearance.
Learn more about the 12-Months No Payment option |
| Best Rate Guarantee |
Our process ensures that you'll receive the best consolidation interest rate offered for your specific loans. |
Important Rate Discount Information
- All ScholarPoint Consolidation customers are eligible for these benefits..
- When you sign your application, you qualify to lock into today’s low rates, and you're instantly eligible to receive the .25% rate decrease. (A direct debit form is provided at loan closing and your rate discount will take effect upon successful activation with your bank.)
- Once you're eligible, your ScholarPoint benefits and incentives are guaranteed even if your loans are sold or transferred to another lender.
- The instant .25% rate reduction reduces the amount of interest you pay each month. As a result, you pay more towards the principal of your loan - which helps you pay off the loan sooner.