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.

Our T.H.E. benefits are real, reliable and predictable: more than 95% of our borrowers earn the T.H.E. Repayment Bonus month after month.

Most lenders’ benefit programs have so many conditions that only 10% qualify for the full advertised savings.* Missing just one payment is all it takes for most lenders to disqualify a borrower from their repayment benefit. It can happen to anyone, no matter how responsible they are.

But with T.H.E., the odds are in your favor. We designed our repayment benefits for real people in the real world, where things don’t always go as planned.

*Get an expert’s analysis of why most incentives never pay: www.finaid.org/loans/studentloandiscounts.phtml
(or visit http://www.finaid.org)

T.H.E. Immediate Monthly Bonus

This borrower benefit is a 0.25% monthly credit that applies 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 Parent PLUS loans	8.25%

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.

Click here for important information on loan terms!

** The effective interest was computed by subtracting the T.H.E. Bonus percentage from the actual interest rate for that loan type (e.g. The effective Federal PLUS Loan Interest Rate is 8.5% minus 0.25% or 8.25% . The actual interest rate used for the computation of payments and the accrual of interest is not changed on the account. The T.H.E. Bonus should be thought of as a monthly return or credit of interest paid).