VSAC Borrower Benefits for Graduate/Professional Students
2007-2008 Academic Year*
Graduate/professional students automatically qualify!
Borrow a VSAC loan and automatically qualify for VSAC's great borrower benefits.
Medical school students/graduates – Check out your specific benefits
Law school students/graduates – Check out your specific benefits
NO FEE STAFFORD LOAN*
VSAC Stafford loans are not charged any origination fees; VSAC pays the fees on your behalf!
ANNUAL REBATES*
1% Annual Rebate
VSAC Stafford loans receive an annual interest rebate equivalent to 1% of the outstanding principal balance throughout repayment.
4.3% Rebate – Year One
VSAC Graduate/Professional PLUS loans receive a one-time interest rebate equivalent to 4.3% of the outstanding principal balance.
1.3% Annual Rebate – Year Two & Beyond
VSAC Graduate/Professional PLUS loans receive annual interest rebates equivalent to 1.3% of the outstanding principal balance.
SAVINGS**
VSAC’s benefits reduce your overall cost of borrowing.
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Save $1,595 if you borrow $15,000 in VSAC Subsidized Stafford loans
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Save $1,816 if you borrow $15,000 in VSAC Unsubsidized Stafford loans
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Save $2,650 if you borrow $15,000 in VSAC Graduate/Professional PLUS loans
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Save $3,725 if you borrow $35,000 in VSAC Subsidized Stafford loans
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Save $4,232 if you borrow $35,000 in VSAC Unsubsidized Stafford loans
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Save $6,200 if you borrow $35,000 in VSAC Graduate/Professional PLUS loans
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Save $7,985 if you borrow $75,000 in VSAC Subsidized Stafford loans
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Save $9,078 if you borrow $75,000 in VSAC Unsubsidized Stafford loans
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Save $13,310 if you borrow $75,000 in VSAC Graduate/Professional PLUS loans
LEARN MORE
*Borrower benefits described are for Stafford and Grad PLUS loans with a first disbursement before 7/1/08, unless otherwise noted. Loans 180 or more days past due are not eligible for annual interest rebates. VSAC evaluates borrower benefits each academic year and reserves the right to modify, terminate, or discontinue them at any time, at its sole discretion.
**Estimated savings based on loan type, loan terms as of 7/01/07, and 10-year repayment period.
