Interest on federal student loans obtained prior to your military service is limited to 6% during periods of active duty. The interest rate limitation also applies to any private education loans you may have.
HOW TO APPLY
If we identify you as an active duty servicemember through the Department of Defense (DOD) website and you meet the eligibility requirements, we will automatically place your eligible loans on SCRA and monitor your account to ensure that your interest, fees, and costs are capped at 6% while you are serving active duty. If this benefit has not been applied to your account and you believe you are eligible, please contact us.
If you would like to submit your request via paper, please mail a copy of your military orders or a letter from your commanding officer along with your written request for the interest rate cap.
The request and supporting documentation must be received no later than 180 days after your termination or release from active duty.