You don’t need to take any further action. The lower interest rate will automatically be applied to your loan application, and you will receive an email with details about the promotional rate.
If you accepted your Loan Offer, but have not received your Final Loan Document yet, we will issue a Final Loan Document with the new lower interest rate.
If you have received your Final Loan Document but have not signed it yet, we will reissue a new one with the promotional interest rate.
If you have signed your Final Loan Document but your funds have not yet been disbursed, you will receive an email showing the new interest rate. Your monthly payments will be adjusted based on the new rate, and your servicer, Launch, will provide a revised payment schedule once funds have been disbursed to your school.