Citizens Financial Group, Inc. is
one of the nation’s oldest and largest financial institutions.
Citizens offers a broad range of retail and commercial banking
products and services to individuals, small businesses,
middle-market companies, large corporations and institutions.
As a leader in student lending with more than 40 years’
experience, Citizens has underwritten more than $10 billion
combined In School and Education Refinance Loans within the past
five years to help students, graduates and families with their
student lending needs.
We believe in helping families fund the college dream with
flexible repayment options to fit their budget, competitive fixed
and variable interest rates, and no application and origination
fees that are designed specifically for undergraduate, graduate
and professional degrees and for parents, too. Plus, flexible,
refinance options for recent graduates and parents.
The CARES Act
initially suspended Federal student loan payments until
September 30th; however, this relief has been extended to
December 31st. It’s important that you understand this
relief policy and assess your private and/or Federal student
loans while keeping in mind key repayment considerations.
To ensure you know your options, Citizens invites you to
attend a live webinar which will highlight repayment
strategies and the potential impact on your cash flow, along
with details about the Federal student loan payment relief
Who is this session best for?
Anyone who is paying back their own student loan debt or a
About the Offer:
You and family members could get
up to a $500 credit on a new student loan and up to a $1,000
credit on a new refinance loan.1
If you choose to refinance with a
Citizens Bank Education Refinance Loan, you could get a $500
Amazon.com Gift Card2
in addition to up to a $1,0001
credit toward your loan.
This is a special offer for my Better Benefits members through
December 31, 2020.
Plus, as a current Citizens Bank
account customer, you save up to .50% off your interest rate with
Get your personalized refinance
loan rate in 2 minutes.4 Apply or find out more
To qualify for the principal
balance reduction, the borrower or co-signer (if applicable) must
have applied, be approved, and disburse a Citizens Bank Education
Refinance Loan, Education Refinance Loan for Parents, Student
Loan, Student Loan for Parents, Bar Study Loan, or Medical
Residency Loan through the employer’s dedicated Citizens Bank
website. The principal balance reduction will be calculated as 1%
of the amount financed with a maximum of $1,000 for the Education
Refinance Loan and Education Refinance Loan for Parents, a minimum
of $50/maximum of $500 for the Student Loan or Student Loan for
Parents, a minimum of $50/maximum of $160 for the Bar Study Loan,
and a minimum of $50/maximum of $200 for the Medical Residency
Loan. The loan must be in good standing at the time the Principal
Balance Reduction Benefit is applied. Only one Principal Balance
Reduction Benefit is allowed per primary borrower for the Citizens
Bank Education Refinance Loan and Education Refinance Loan for
Parents or per loan for the Citizens Bank Student Loan, Student
Loan for Parents, Bar Study Loan, and the Medical Residency Loan.
Principal balance reduction will be applied with an effective date
equal to the loan’s first disbursement date. Principal balance
reduction may take up to the second month following the loan’s
final disbursement date to be applied and may be reduced if the
loan amount is reduced or canceled. The Principal Balance
Reduction Benefit will be processed as a reduction of the loan’s
principal balance and will not impact the required monthly
payment. The borrower is solely responsible for any taxes that may
be owed as a result of the principal balance reduction earned. A
tax advisor should be consulted. Citizens Bank, N.A. does not
provide tax advice. Offer cannot be combined with other
promotions, discounts or offers – automatic payment and loyalty
discounts excluded. Citizens Bank reserves the right to modify
these terms or cancel this offer at any point in the future for
apply: see amazon/gc-legal for complete terms and conditions.
The borrower and cosigner (if applicable) must submit a
completed application, including authorizing us to review the
credit request for an Education Refinance Loan. To qualify for
this offer: 1) You must apply through the link in this email or
call 1-888-411-2389 and mention this offer and 2) Be approved to
refinance a minimum amount of $40,000 in student loans. The $500
Amazon.com Gift card will be delivered to the borrower via email
within 90 days of the loan disbursement date. A valid email must
be provided to receive gift card. Limit one gift card per
borrower. Citizens Bank reserves the right to modify the terms
of this offer at any point in the future for new applications.
Offer only valid from September 7, 2020 through December 31,
2020. Gift card amount may be reported to the IRS.
Discount Disclosure: The borrower will be eligible for a 0.25
percentage point interest rate reduction on their loan if the
borrower or their co-signer (if applicable) has a qualifying
account in existence with us at the time the borrower and their
co-signer (if applicable) have submitted a completed application
authorizing us to review their credit request for the loan. The
following are qualifying accounts: any checking account, savings
account, money market account, certificate of deposit, automobile
loan, home equity loan, home equity line of credit, mortgage,
credit card account, or other student loans owned by Citizens
Bank, N.A. Please note, our checking and savings account options
are only available in the following states: CT, DE, MA, MI, NH,
NJ, NY, OH, PA, RI, and VT and some products may have an
associated cost. This discount will be reflected in the interest
rate disclosed in the Loan Approval Disclosure that will be
provided to the borrower once the loan is approved. Limit of one
Loyalty Discount per loan and discount will not be applied to
prior loans. The Loyalty Discount will remain in effect for the
life of the loan.
Automatic Payment Discount Disclosure: Borrowers will be
eligible to receive a 0.25 percentage point interest rate
reduction on their student loans owned by Citizens Bank, N.A.
during such time as payments are required to be made and our loan
servicer is authorized to automatically deduct payments each month
from any bank account the borrower designates. Discount is not
available when payments are not due, such as during forbearance.
If our loan servicer is unable to successfully withdraw the
automatic deductions from the designated account three or more
times within any 12-month period, the borrower will no longer be
eligible for this discount.
4 Selecting “Get
My Rate” only requires a “soft credit pull” which does not affect
your credit score. Submitting a full application results in an
inquiry on your credit report.
Rates and offer subject to change. All accounts, loans and
services subject to individual approval.
© 2020 Citizens Financial
Group, Inc. All rights reserved. Citizens Bank is a brand name of
Citizens Bank, N.A. Member FDIC.