IDAPP’s Low Cost Borrower Benefits Program

How the Program Works:

IDAPP’s Borrower Benefit Programs provide you with financial incentives resulting from timely repayment of your federal educational loans.

IDAPP has developed features to save you money on the repayment of your loans!  These savings programs provide you with financial incentives resulting from timely repayment of your federal educational loans.  Additionally, certain incentives are offered to encourage borrowers to work in Illinois, and especially to assist those pursuing careers in lower-paying jobs (e.g., teachers, social workers) that are crucial to the welfare of the citizens of Illinois. 

With our Low Cost Borrower Benefits Program you can reduce your interest rate by as much as 2.25%.

Review the Borrower Benefit program options below, the savings add up over the life of your loan!

Loans eligible for the Low Cost Borrower Benefits Program

• Federal Stafford Subsidized / Unsubsidized
• Federal PLUS Parent / Grad
• Federal Consolidation Loan (UnILoan) 

Benefit Programs For Loans Disbursed on or after Dec 1, 2007

Benefit Programs For Loans Disbursed on or after July 1, 2003

Direct Debit Program (DDP)
Reduction schedule for Federal Stafford and PLUS loans
Sign up for IDAPP's automated payment feature. You can choose to have your loan paid directly from your checking or savings account. Selecting this feature will reduce your interest rate by .25%.

For IDAPP’s UnILoan consolidation Direct Debit Program.