No. of Recommendations: 1
I was just wondering what types of incentives are being offered by various consolidation lenders?

My lender (South Carolina Student Loan Corporation) offers:
1) No fees
2) 2% interest rate reduction during the first year of repayment
3) 1/4% back for signing up for automatic bank draft
4) 1% back for making the 1st 48 payments on time
5) Graduation Incentive- balance reduction up to $750.00
-$250.00 for Associate degree
-$500.00 for Baccalaureate degree
-$750.00 for Masters/Professional degrees

I hope that we could use the power of the board to gather info on incentive programs to make better informed decisions about our loans.

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