After making these payments, the borrower is able to
access flexible repayment options, such as income - based repayment, which include potential loan forgiveness.
Other perks of this loan include immediate
access to the funds since the money is provided directly to the student as soon as he or she gets approval, the opportunity to reduce the interest rate on the loan by 0.25 percentage points by making auto - debit payments, and
flexible repayment options.