What is the student loan refinance interest rate discount I will receive for opening a Laurel Road Linked Savings account?

Members who open a Laurel Road Linked Savings account in conjunction with an application to refinance their student loans will receive an introductory 2-month 0.25% interest rate discount on their Laurel Road student loan, which will be applied during the first two billing cycles of the student loan. Starting with the 3rd billing cycle, and continuing with each billing cycle thereafter, the interest rate discount applied during a billing cycle will be based on the average daily balance held in the borrower’s Laurel Road Linked Savings account for the preceding calendar month according to the table below.

Note: To continue to receive a discount for the 3rd billing cycle, you must fund your Laurel Road Linked Savings account the month after your loan funds.

*Potential discount after 2 months and qualifying average daily balance Discounts updated as of 9/23/21

Example: If your first payment due date is June 15th, you will receive the introductory 0.25% interest rate discount for the first two billing cycles (e.g. May 16th – June 15th and June 16th – July 15th). The discount for the third billing cycle (from July 16th – August 15th) will be based on the average daily balance in your Laurel Road Linked Savings account for the preceding calendar month (June in this example). Consistent with the table above, for subsequent billing cycles your discount will be based on the average daily balance in your Laurel Road Linked Savings account for the previous calendar month.