VSAC Borrower Benefits for Undergraduate Students
2007-2008 Academic Year*
Undergraduate students automatically qualify!
Borrow a VSAC Stafford loan and automatically qualify for VSAC's great borrower benefits.
BENEFITS*
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No Fees
VSAC Stafford loans are not charged any origination or default fees; VSAC pays the fees on your behalf! -
1% Annual Rebate
VSAC Stafford loans receive an interest rebate equivalent to 1% of the outstanding principal balance throughout repayment.
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 $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 $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
Learn More
*Borrower benefits described above are for loans with a first disbursement before 7/1/08. Loans 180 or more days past due are not eligible for the 1% annual rebate. The benefits described above are not applicable to students/graduates of most law and medical schools – visit our medical and law borrower benefit pages to learn more. 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.
