Why Use Student Loan Rebates?
- Pay off your student loan months earlier!
- It's FREE.
- Maximize your rebates with multiple rewards programs.
- Shop where you already shop.
- Earn even more when family and friends join.
How Student Loan Rebates Works
Sign up - It's free
- Sign up for one or more partner rewards programs to maximize your rebates.
- Decide which programs to use based on how you like to shop - some are better for online shopping while others let you use your grocery cards to earn. Compare programs now.
- Link up your rewards program and your active student loan account. Eligibility terms apply.
Shop and Earn - It's easy
- Shop at thousands of stores and online merchants.
- Earn rebates on each purchase. As you shop, these rebates accrue in your rewards program accounts. The amount of each rebate depends on the merchant and rewards program.
Reduce your debt - It's painless
- Reduce your debt and take months off your loan repayment without spending an extra penny!
- Once you've earned enough rebates, the money is automatically applied to your loan account on a quarterly basis.
Important: Rebates do not replace your regular monthly payments. Read the fine print.
Relax - It's safe
- We have ensured that our program partners use the best methods to secure your personal information. It's important to us.
How is my loan repaid faster?
Rebates are applied to your loan account in addition to your monthly payment, so you save on interest. Paying less interest means you'll pay off your loan sooner. Check out this example:
- Student loan value: $18,600
- Interest rate: 7.00%
- Repayment period: 10 years (120 payments)
- Rebates earnings: $11 a month with Student Loan Rebates
- Total savings: you could pay off your loan 8 months early and save $1,755.00
| No rebate program |  |
|
|---|---|---|
| Monthly payment | $215.97 |
$215.97 |
| The loan is paid off after | 10 years |
9 years 4 months |
| Savings on principal | $0.00 |
$1,221.00 |
| Savings on interest | $0.00 |
$534.00 |
| Total savings | $0.00 |
$1,755.00 |
