Payment incentives: An upfront 5% principal reduction. You
receive the 5% principal reduction immediately but you must make the
initial 36 monthly payments on-time to keep it. You cannot use an
Economic or Temporary Hardship Forbearance within the first 36
months or the principal reduction will be added back.
Optional incentives: 0.25% interest rate reduction through
automatic debit of payments from bank account.
Apply by calling 1-800-446-8210; Monday through Friday, 8AM
to 8:30PM (ET) or apply on-line.