Lower and Simply Your Monthly Student Loan Payments with the Bloomsburg University Alumni Association Alumni Loan Consolidation Program The Bloomsburg University Alumni Association is pleased to inform you of a benefit, the Bloomsburg University Alumni Association Alumni Loan Consolidation Program (ALCP), a federally guaranteed student loan consolidation program offered in partnership with CFS Affinity Services.

Graduates with eligible1 educational loans are able to consolidate these loans with the ALCP and reduce their monthly loan payments as well as lock-in a low, fixed rate.

If you have more than $7,500 in outstanding eligible Federal student or PLUS loans, you may be able to secure the following benefits by consolidating your loans with the ALCP:

• Lock-in a fixed interest rate as low as 3.5%2,3
• Lower monthly payments by as much as 50%
• Simplify your repayments by making only one monthly payment
• Choose from a variety of flexible repayment options

Also, if you're a new graduate, you could consolidate your eligible loans within the grace period (the period immediately after graduation when you are not making payments), and have the opportunity to reduce your interest rate by an additional 0.60%.

This program could not be easier – everything can be done online, including chatting with a dedicated Bloomsburg University Alumni Association loan counselor and by signing an application with eSignature. Personal loan counselors are also available by phone to walk you through the entire process and to answer any questions you may have.

The Bloomsburg University Alumni Association has done their research to find a program that will best serve you in your post-graduation life.

Visit www.bloomualumni.com/studentloans or call toll-free (877) 322-1645 to speak to a dedicated Bloomsburg University Alumni Association loan counselor to learn more about consolidating your student loans.

1. You will meet eligibility requirements as long as at the time of funding, you are in your loan grace period or have entered repayment on each loan chosen for consolidation, you are not currently in default on a Federal student loan, and you are consolidating eligible Federal student loan debt meeting minimum balance requirements. Other criteria also apply. Please call for details on all criteria and specific loan eligibility.
2. 3.5% interest rate assumes a federal rate of 4.75% and maximum allowable borrower benefit reductions. Borrower benefits will not lower your monthly payment, but instead will reduce the amount of interest that accrues. Therefore, a larger percentage of each payment will be applied to the principal balance, thereby decreasing the repayment term. Interest rates are subject to change each July 1. The interest rate for your consolidation loan is fixed for the entire time you are repaying the loan. The rate is calculated as the weighted average of the interest rates on the loans being consolidated rounded up to the nearest one-eighth of a percent. By law, the interest rate will never exceed 8.25 percent.
3. CFS reserves the right to modify, extend or discontinue this borrower benefit program at any time without notice. Changes to the borrower benefit program, if any, will not affect loans that previously qualified for these or any other benefits provided that the loans continue to be held by a CFS lender. All loan rate reductions and other borrower benefits terminate upon either a loan default or failure to continue to meet a borrower benefit qualification. Borrower benefits apply (1) after a qualifying period expires and for only as long as you continue to make on-time payments and/or (2) upon initial receipt of completed Automatic Debit Authorization form and for as long as you continue to have your payments automatically withdrawn. Please call for details on our current benefit offering(s).