Special Repayment Incentives

After graduation, saving money can be really important. Commerce understands. Through our partnerships with Loan Servicers like MOHELA, we can help. Depending on where your loan is serviced, these repayment offers may be available to you.

MOHELA Rate Relief Direct Payment Program (Missouri schools only) 1 Available for Federal Stafford, Graduate PLUS or Parent PLUS Loans For loans first disbursed on or after June 1, 2008, all Stafford, PLUS and GradPLUS borrowers attending Missouri schools who pay their loans by auto-debit will be eligible to receive a 0.25 percent interest rate reduction during repayment. No prepayment penalties. Various repayment plans available. Call Mohela with any questions about their rate relief program at 1-800-666-4352. Be sure to let them know that you're a Commerce customer, Lender Code: 813979.

¹ MOHELA reserves the right to modify, expand, or discontinue these programs at any time without notice. Rate Relief is offered exclusively by MOHELA in conjunction with its Lender-Partners and are available to eligible borrowers in repayment whose loans are owned by MOHELA and serviced at our Chesterfield, MO servicing center. These benefits are not applicable to loans placed in Consolidation. These benefits do not lower the monthly payment, but rather reduce the amount of interest that accrues and results in more dollars being applied to the principal balance of the loan. MOHELA may discontinue offering these benefits to any borrower whose account becomes delinquent or in the event an auto-debit is terminated for any reason. Loans guaranteed by the Missouri state guarantee agency may qualify for an increased level of Rate Relief.

Questions?

When you're ready to start paying off your loan, we're here to help. We'll ask  listen  solve to help you find the solution that is right for you.

Call or e-mail our Student Loan Specialists at
	Phone: 1-800-666-3910
	E-mail: money101@commercebank.com*

*To send an email that contains confidential information, please visit the Secure Message center where there are additional instructions about whether to use Secure Email or Online Banking messaging.