Put your repayment in the fast lane with our
NEW! BORROWER BENEFITS &
EDLOAN BENEFITS!
Get the power and performance you are looking for
with a First Horizon student loan. Get ZERO
fee Stafford loans, AUTOMATIC rate reductions and more.
Stafford BoRROWERs
0% Origination Fee
0%
Default Fee
Automatic 1% interest rate reduction following
graduation at repayment1
.25% interest rate reduction for auto-debit
1% rebate after first 12 on-time payments2
Additional 1% rebate after the next 12 on-time payments2
Benefit Repair Option3
Grad PLUs
BoRROWERs
0% Default Fee
Automatic 1.50% interest rate reduction at disbursement
.50% interest rate reduction for
Quick Pay4 auto-debit
Benefit Repair Option
3
PARENT PLUS
BoRROWERs
0% Default Fee
Automatic 1% interest rate reduction at disbursement
.25% interest rate reduction for auto-debit
Benefit Repair Option
3There also special
Stafford loan benefits for
Teachers,
Administrators & Counselors,
Nursing
& Healthcare students
and
Biomedical & Computer Engineering students
1 Interest rate reduction is effective upon graduation
during periods of active repayment.
2 Rebate programs will be calculated based on the original principal
balance minus any cancellations or refunds after designated 12 continuous
on-time monthly payments.
3 The one time benefit repair option for Stafford and PLUS loan programs
provides the ability for a previously delinquent borrower to reinstate
the interest rate reduction after 24 continuous on-time monthly
payments.
4 Quick pay (auto-debit) rate reductions are granted only during periods
of active repayment and with a valid e-mail address on file.
All borrower benefits are terminated upon loan delinquency or default.
We reserve the right to discontinue or modify benefit programs at any
time without notice. Any termination or
modification will not affect the terms of loans previously made.
