If you apply for your Federal Stafford loans* through StaffordLoan.com they are owned and will be serviced by USA Group Secondary Market Services®.  Because of our affiliation with USAGroup, you may qualify for programs that will reduce the interest
rate on your student loans, potentially saving you thousands of dollars over the life of your loans. 

Choice Rates® - Make your first 48 student loan payments on time and receive a 2 percent interest rate reduction on your remaining loan term. Continue to make on-time monthly payments, and you will continue to receive those savings. 

Choice Repay® - Use AutoChek™, our automatic debit system from USA Group®, or another automatic debit payment service and get a 0.25 percent interest rate reduction on your student loan. 

StaffordLoan.com and USA Group® are there for you once again with a zero guarantee fee for all Federal Family Education Loan Program (FFELP) loans. We are currently waiving the 1 percent guarantee fee for all loans guaranteed on or after May 1, 1999. This means parents and students across the country will save more than $60 million a year in guarantee fees and will have more money for their education investments. As for your savings, on a $10,000 loan - you will save $100 at disbursement and much more over the life of the loan!

Federal law allows guarantors to collect up to 1 percent from each education loan they guarantee. Guarantors place those fees in a federally owned reserve account and may use those funds if a borrower defaults on a loan. Guarantors also may use those fees to pay for their default-prevention efforts. 

How can we afford to offer a zero guarantee fee and still deliver our consistently high level of service? Here are just a few of the reasons: USA Funds' financial stability, USA Group's sophisticated default-aversion techniques, Low default rates, and Positive economic conditions. 

StaffordLoan.com and USA Group will continue to look for ways to provide you with more benefits while maintaining the high level of service you've come to expect from us. 

*Choices is available for Federal Stafford loans originated on or after January 1, 1996, and purchased by USA Group Secondary Market Services® (SMS) prior to the beginning of the repayment period. Borrowers who become delinquent will no longer be eligible for the Choices program. USA Group SMS reserves the right to terminate or change terms of the Choices program, without notice, in its sole discretion with respect to any or all borrowers' loans, including loans originated prior to the termination or change. Lenders who want information about how to offer these borrower benefits programs to their borrowers should contact the Marketing department.