VSAC Borrower Benefits for Medical School Students/Graduates
2007-2008 Academic Year*
Medical students automatically qualify!
Borrow a VSAC loan and automatically qualify for VSAC's great borrower benefits.
NO FEE STAFFORD LOANS*
VSAC Stafford loans are not charged any fees; VSAC pays the fees on your behalf!
ANNUAL REBATES*
1.3% Annual Rebate
VSAC Stafford loans obtained for attendance at eligible medical schools receive an annual interest rebate equivalent to 1.3% of the outstanding principal balance during 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 an interest rebate equivalent to 1.3% of the outstanding principal balance.
1% Annual Rebate
VSAC Medical and Residency loans approved prior to 5/19/08, receive an annual interest rebate equivalent to 1% of the outstanding principal balance during repayment.
.75% Annual Rebate
VSAC Consolidation loans receive an annual interest rebate equivalent to .75% of the outstanding principal balance. (To qualify, the Consolidation Application must be received before July 1, 2008 and must include Stafford loans obtained for attendance at an eligible medical school.)
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* Borrower benefits are for loans with a first disbursement before 7/1/08, unless otherwise specified. 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.
