CSLF Introduces

New Money Saving Incentive

ROCKY HILL — The Connecticut Student Loan Foundation (CSLF) recently announced that it is adding a new money-saving incentive to its First Rate Stafford Loan program. CSLF is now offering a one-half percent interest rate reduction to borrowers who make automatic payments through CSLF’s Education Loan Electronic Credit of Payment Transfer program.

Effective for all Stafford Loans disbursed on or after July 1, 2005, this new incentive is in addition to CSLF’s already existing benefits.

A 2.0 percent interest rate reduction during the in-school and grace periods on all unsubsidized Stafford loans for borrowers who pay their interest during these periods (minimum interest rate is 2.99 percent or the current federal rate, whichever is lower); and an automatic 0.5 percent interest rate reduction during repayment on all subsidized and unsubsidized Stafford loans (as long as payments are made within 30 days of the due date).

“As a nonprofit organization, CSLF is always looking for new ways to educate and assist borrowers in reducing the costs associated with their student loans,” said Mark Valenti, president of CSLF. “CSLF’s First Rate Stafford Loan incentives not only provide significant savings but also encourage smart borrowing and good repayment habits,” said Mr Valenti.

For more information regarding this new incentive or any of CSLF’s First Rate Loan program benefits contact a client services representative at 800-237-9721, ext 442, or visit www.cslf.com.