U.S. Bank has announced that it now offers student loan customers two new incentives to graduate – the U.S. Bank Graduation Perk and the Good Grades Perk – giving the opportunity to earn up to three percent off their original loan amount financed.
The Good Grades Perk rewards students with a one percent principal reduction from their original loan amount financed if they graduate with a cumulative GPA of 3.30 or higher. The Graduation Perk rewards students with a two percent principal reduction from their original loan amount financed if they show proof of graduation.
These perks are available to anyone who has applied for a U.S. Bank fixed rate and U.S. Bank no fee (variable rate) student loan on or after August 1. Student loan customers who qualify for one or both of these perks will have 12 months to prove their status and redeem their loan discount.
In addition, U.S. Bank also offers its student perks such as AutoPay discounts, optional deferred payments and the option to add a cosigner which may help lower the loan’s annual percentage rate.
For more information, visit the U.S. Bank Student Loan Web site at here.