Act Education Loans Borrower Benefits

Click the footnote numbers for important information

Reduce interest rates by up to 0.50%

• Lower your interest rate by 0.25% by electing to have payments automatically deducated from your bank account (1)   
• Further reduce your interest rate by another 0.25% if you make 36 consecutive, on-time payments (1)
• Co-signer Release option is available to borrowers upon making 48 successful on-time payments via ACH (2)
• Students may borrow up to $40,000 (3)