Loans and the AAA Student Lending Program offered through AAA Southern New England Bank.  Rates and terms are subject to change or termination without notice. Loans subject to credit approval and Federal government eligibility requirements. AAA Student Lending Program Member Benefits are for AAA Southern New England members only and are subject to change or termination without prior notice.  Other loans and terms available.

1 $10,000 Federal PLUS Loan amount is an example. Your loan may be lower or higher in amount depending on school cost of attendance, other factors and your loan needs.

2 Origination and Default (Guaranty) Fees are established by and paid to the Federal government from loan proceeds.

3 Dollar amount of AAA Member Savings in example is calculated by multiplying 1.0% (waived Default (Guaranty) Fee) by example $10,000 federal PLUS Loans with 10-year repayment term.

4 Fixed Federal PLUS Loan interest rate is established by the Federal government.

5 Federal PLUS Loan interest rate can be reduced by 1.0% interest rate (to 7.50%). Rate reduction is applied to each disbursement at time of disbursement. Disbursements typically are equal in amount and occur on September 1 and January 1, respectively. AAA Member Savings in example is based on example $10,000 federal PLUS Loan with 10-year repayment term, equal disbursements on September 1 and January 1 after deduction of 3.0% Origination Fee, and fixed 7.50% interest rate reduced from 8.50% fixed Federal PLUS Loan interest rate established by the federal government. Monthly payment is based on Federal government rate, not reduced rate.

6 Federal PLUS Loan interest rate can be reduced further by another 1.0% (to 6.50%) if borrower elects to have monthly payments transferred electronically from a checking account. This interest rate reduction will begin when automatic payments start and will continue in effect as long as automatic payments continue without interruption. Interest rate will increase automatically by 1.0% (to 7.50%) if borrower does not make automatic electronic payments or if such payments are cancelled, rejected or returned for any reason. AAA Member Savings in example is based on example $10,000 Federal PLUS Loans with 10-year repayment term at further reduced 6.50% interest rate due to election to make automatic electronic payments throughout repayment period. Monthly payment is based on Federal government rate, not reduced rate.

7 Disbursements typically are equal in amount and occur on September 1 and January 1. As repayment begins sixty (60) days after last disbursement, in the example, loan repayment period begins on March 1.

8 Example and AAA Member Savings are based on $10,000 Federal PLUS loan, 10-year repayment term, equal disbursements on September 1 and January 1, respectively, after deduction of 3.0% Origination Fee, and fixed 6.50% interest rate (after disbursements) reduced from 8.50% fixed Federal PLUS Loan interest rate established by the federal government due to 1.0% interest rate reduction for automatic electronic payments throughout repayment period and additional 1.0% rate reduction applied to each disbursement at time of disbursement. Example and AAA Member Savings assume Federal PLUS loan is repaid as agreed and continued eligibility for 1.0% interest rate reduction for automatic electronic payments. Monthly payment is based on Federal government rate, not reduced rate. Minimum monthly payment is $50.