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Description: 1.00% 36 Payment Feature
For borrowers with more than $20,000, receive a 1% Interest
Rate Reduction for making the first 36 payments on-time.
0.50 % Auto-Debit Feature (optional) Borrowers receive
an instant .50% Interest Rate Reduction for signing
up to have their monthly payments conveniently withdrawn
from their checking account!
FACT # 1: This is a federal program.
That being stated, borrowers receive the same interest
rate no matter which lender they choose, therefore borrowers
want to select the lender that offers the best benefits
package. ELC offers the best benefits package for Consolidations
in the industry.
FACT # 2: ELC is an authorized lender. ELC's FFELP
Lender Code is 834003. Several companies that advertise
on the web are not lenders. They are marketing companies.
These so-called "paper-mills" simply sell your application
to actual lenders. When you choose ELC, you are choosing
a lender, not a "middle-man".
--From Lender's Site
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