T.H.E.
Bonuses - temporarily suspended 2/18/08
As a
non-profit organization, T.H.E.'s mission
is to lower the cost of education to students.
Rather than paying stockholders huge profits, we
return our profits to you as borrower benefits.
T.H.E.
Immediate Monthly Bonus
Parent PLUS and GradPLUS
This borrower benefit is a 0.25% monthly credit that begins immediately
after 1st disbursement and continues throughout repayment. Your effective interest
rate is 8.25% after credit of this bonus.
T.H.E.'s
current Repayment Bonus payment rates are:
T.H.E.
Repayment Bonus
(Per Annum) |
T.H.E. Loan Program |
Effective Interest Rate**
(Per Annum) |
|
0.25%
|
Federal
Stafford Loans |
6.55% |
|
0.25% |
Federal Graduate PLUS |
8.25% |
|
0.25% |
Federal Parent PLUS Loans |
8.25% |
|
1.0% * |
Private Loans |
varies |
Be sure to
compare benefits
that ALL borrowers receive.
Some loan programs offer teaser repayment
benefits to only a lucky few who qualify. Their
repayment benefits are typically tied to you
making 33 or 48 consecutive on-time payments to
qualify for the benefit.
The T.H.E. Repayment Bonus is currently being paid out as a monthly credit equal to an annualized
interest rate discount and is paid to all borrowers according to the descriptions above. The Bonus
will pause for borrowers 60 or more days delinquent at the time of credit and will resume when the
account is brought current. The T.H.E. Bonus is treated as a reduction in the interest cost. This
amount is based on current financial market conditions and portfolio performance and is therefore
subject to change.
* Not
applicable to private loans offering the premier
interest rate.
Bonus Terms
