Servicemembers Civil Relief Act (SCRA)

SCRA offers protections for servicemembers and their families in many areas, including student loans. Through SCRA, your interest rate can be lowered to 6% if your current interest rate is more than 6%.

If you meet the following criteria you can qualify for the interest rate benefit:
  • You must be an active duty member of the Uniformed Services
  • Your loans must have been disbursed prior to the date you were called to military service
  • You must make your request within 180 days of your last day of military service
    • SCRA benefits take effect as of your notification date listed on your orders
For federal student loans, the earliest benefit effective date is August 14, 2018; the active duty periods that fall on or after that date may qualify. If you consolidate your federal student loans after you begin active duty, your consolidation loan may not be eligible for this benefit. CornerStone will check an authorized military database, and if you are listed as being active duty status, we will automatically apply the benefit to your eligible loan(s). If your military orders show an earlier active duty start date, you may submit a copy of your orders, and we will apply the benefit based on the earlier start date. You can request the interest benefit by submitting a request to us with documentation that shows the effective dates of your service. Documentation includes your military ID, military orders or a letter from your commanding officer. You may also request the benefit by submitting a completed SCRA Interest Rate Limitation Request form, or a completed Military Service/Post-Active Duty Student Deferment Request form. Each of these request forms can be found on our forms page. Please send your request to our correspondence address.