Act Education Loan Borrower Benefits

You may be eligible for a 0.25% interest rate reduction for direct debit. You can also prepay on the loan penalty-free at any time. Please see below for important details about borrower benefits.

• Principal and interest payments can be deferred while you are in school. Although payments are not required during this period, you can make payments to reduce the total amount on interest that you pay on your loan.
• Lower your interest rate by 0.25% when you choose to have your payments automatically deducted from your personal bank account
• No FAFSA is required to apply for the Act Education Loan.

Click Here to Apply for the Act Education Loan