^*Certain restrictions and limitations may apply. Union Federal reserves the right to change or discontinue these programs without notice.

¹Passing the initial credit review is based on review of all the information you and your cosigner (if applicable) provide during the application process and the information obtained from your credit report(s). If you pass the initial credit review, you will need to provide acceptable documentation such as your income verification and Applicant Self-Certification Form and we will need the certification from your school before the final loan approval.

²To qualify, simply arrange with your loan servicer to automatically deduct monthly principal and interest payments from a bank account. The automatic payment benefit will discontinue and be lost for the remaining repayment period in the event any three payments are returned for insufficient funds over the life of the loan. This benefit is not available for interest payments made during the Deferment Period for the Interest-Only Repayment Option or Student Starter (partial interest payment) Option. This benefit may be terminated during deferment and forbearance periods.

³Get 0.25% rate reduction by making on-time payments. Once you have made on-time monthly principal and interest payments (received within 10 days of the due date) for a minimum of the first 36 consecutive months, you can request the 0.25% rate reduction. To qualify, you must also have elected to use automated electronic payments prior to the 36th payment. The benefit will continue even if you choose to discontinue automated electronic payments after the 36^th on-time payment.

⁴Request for the cosigner to be released can be made after the first 36 consecutive, on-time payments (not later than ten days after the due date) of principal and interest have been made. The borrower must meet credit criteria at the time of the request. At the time of the application for the benefit, the borrower must be currently enrolled for automatic deduction of monthly payments from a bank account and must not have used forbearance on the loan prior to the request.

⁵ The current interest rate in effect as of   ranges from x.xx% to x.xx%. The applicable interest rate for each calendar quarter shall be based on the average of the one-month London Interbank Offered Rate ("LIBOR") published in the "Money Rates" section of The Wall Street Journal (Eastern Edition) on the 1st day of each of the three previous calendar months, or the next business day thereafter, rounded to the nearest 1/100th percent (.01%). The variable interest rate and Annual Percentage Rate (APR) may be higher depending upon the applicant's and cosigner's credit history and will increase or decrease if the One-month LIBOR index changes. The LIBOR index for the current calendar quarter is [x.xx]%. APRs range from x.xx% to x.xx%. The low APR example assumes a $10,000 loan made in two disbursements with immediate repayment, a monthly principal and interest payment of   (there is a minimum monthly payment of $50), a 5-year repayment term (60 months), no Origination Fee, and a x.xx% interest rate (in effect as of  ). With a 5-year repayment term, current interest rates can range from x.xx% to x.xx% depending on your or your cosigner's credit history and the repayment option selected. The high APR example assumes a $10,000 loan made in two disbursements with full deferment while in school (up to 66 months), a monthly principal and interest payment of   (there is a minimum monthly payment of $50), a 15-year repayment term (180 months), no Origination Fee, and a x.xx% interest rate (in effect as of  ). Repayment terms and options may vary depending upon the amount borrowed. The interest rate is variable. Your variable interest rate and APR may be higher depending upon you and your cosigner's credit history and repayment option and term selected and will increase or decrease if the One-month LIBOR index changes.

⁶The Annual Percentage Rate (APR) is the measure of what a loan will cost. It takes into account the rate, fees, length of the loan and the timing of all payments. The APR will increase/decrease if the One-month LIBOR index increases/decreases.