Student Loan Planner® offers bonus incentives to eligible borrowers who take out a private student loan through designated Student Loan Planner® links.
To be eligible for a bonus, borrowers must take out a private student loan through a participating lender using a designated Student Loan Planner® link, and the loan must be credited to Student Loan Planner® by the lender. Lenders do not share borrower information with us, so the bonus is not automatic.
Borrowers must notify Student Loan Planner® of an eligible private student loan by completing the Private Student Loan Bonus Request Form. You may submit the form before your loan has been disbursed to confirm whether your loan is eligible for the bonus. Student Loan Planner® will review submissions and confirm eligibility based on the terms of the applicable bonus offer.
Bonus amounts vary and are based on the total loan amount disbursed. Some bonus offers are paid entirely by Student Loan Planner®. Others include a bonus paid by the lender or a combination of both. When a bonus is split, each provider pays and manages its own portion of the bonus, and delivery timing or method may differ. Student Loan Planner® is responsible only for the portion of the bonus it provides.
Bonuses paid by Student Loan Planner® are delivered electronically as an e-gift card via Tremendous after eligibility is confirmed. Unless otherwise stated, Student Loan Planner® sends its portion of the bonus within 14 business days following the last day of the month in which the loan was confirmed eligible by Student Loan Planner®. Lender-paid bonuses are handled separately and follow the lender’s own process and timing.
If a borrower does not claim the Student Loan Planner® bonus within six months of the disbursement of the qualifying private student loan, the borrower forfeits the right to claim the bonus.
Borrowers are generally eligible for one Student Loan Planner® bonus per lender. Additional private student loans from the same lender may not be eligible for another bonus. Loans from a different participating lender may be eligible, subject to the terms of the applicable offer. Bonus offers are subject to change or withdrawal at any time.
Bonus payments may be considered taxable income. Recipients are solely responsible for any applicable federal, state, or local taxes. Student Loan Planner® may request tax information from recipients if required by law and may issue tax reporting documents for bonuses it provides. Participating lenders are independently responsible for any tax reporting related to lender-funded bonus amounts.
