Guarantee Fee Benefit Utah State Board of Regents Loan Purchase Program pays the guarantee fee on behalf of borrowers who receive loans from lenders who agree to sell their loans to the Board.
All loans are eligible to participate.
Monthly payments are automatically withdrawn from your bank account. Direct withdrawal payments avoid the hassle of mailing payments every month. Direct withdrawal payments are a good way to ensure payments are made on time. The first 48 payments need to be received by the servicer within 15 days of the established due date. Interest rate reduction will continue as long as you avoid default.