Borrower Benefits

Dollar Bank works with Sallie Mae to offer you these money-saving benefits when you borrow for education:

Receive a .25% Rate Reduction
Stafford Loans, Parent PLUS Loans and Grad PLUS Loans will receive a .25% rate reduction when the student loan payment is automatically deducted from their checking or savings account. This benefit remains available for as long as the borrower's monthly payment is successfully deducted from the borrower's bank account.

Convenient Repayment Options
You can choose from a variety of repayment options that best suit your needs:

Traditional Repayment
Your principal and interest payments are due monthly for the life of the loan.

Graduated Repayment
Your monthly payments are less at the start of the repayment period then gradually increase at specified times during the life of the loan.

Income-based Repayment
Your payments are based on a certain percentage of your monthly income. Available for Stafford and PLUS loans.

Extended Repayment
You can have repayment relief for a period of up to 25 years. Available on eligible Stafford and PLUS loans.

Serialization
You can request that Sallie Mae purchase your other loans from other financial institutions so you only have to make one monthly payment. You will keep the original terms and interest rate on the loan.