buying: Hyundai's Student Assurance gives you $900 to put toward student loans - - PressFrom - US
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buyingHyundai's Student Assurance gives you $900 to put toward student loans

23:50  10 april  2019
23:50  10 april  2019 Source:   cnet.com

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The Hyundai Student Assurance program, which the company announced on Tuesday, offers qualified buyers of new Hyundais a $ 900 incentive that is directly applied to their student loans . The program is available in California and Phoenix, Arizona to start and runs from April through Sept.

The Hyundai Student Assurance program, which the company announced on Tuesday, offers qualified buyers of new Hyundais a $ 900 incentive that is directly applied to their student loans . The program is available in California and Phoenix, Arizona to start and runs from April through Sept.

Hyundai's Student Assurance gives you $900 to put toward student loans© CNET 2020 Hyundai Sonata

Having student loans sucks, and they can make the idea of buying or leasing something big like a car sort of a daunting proposition. Considering that student loan debt is more the norm than the exception these days, Hyundai thought it could do something to help.

The Hyundai Student Assurance program, which the company announced on Tuesday, offers qualified buyers of new Hyundais a $900 incentive that is directly applied to their student loans. The program is available in California and Phoenix, Arizona to start and runs from April through Sept. 30, 2019. That could all change, though, if customers and dealers like the program.

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The Hyundai Student Assurance program, which the company announced on Tuesday, offers qualified buyers of new Hyundais a $ 900 incentive that is directly applied to their student loans . The program is available in California and Phoenix, Arizona to start and runs from April through Sept.

Hyundai have created the Hyundai Student Assurance to give students up to $ 900 toward their student loan when they purchase or lease any new Hyundai . Valid student loans include federal loans (e.g. Stafford loans , PLUS loans ), private student loans and refinanced student loans .

"We recognize that student loan debt is one of the most significant financial stress points for people, and we want to help address that issue while allowing people to take advantage of the many benefits of owning a new vehicle," said Michael DePaul, director of retail operations for Hyundai Motor America, in a statement.

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The way the program works is relatively simple but has a few more steps than we'd have guessed. First, prospective buyers go to the Student Assurance website to make sure that they're eligible, and if they are, they'll receive a reward code.

The buyer then takes that code to their dealer and either buys or leases an eligible new Hyundai, then verifies their purchase at the Student Assurance website. After that, Hyundai's partner company, Grafidi, contacts the customer with instructions on how to register and receive their credit.

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The Hyundai Student Assurance program, which the company announced on Tuesday, offers qualified buyers of new Hyundais a $ 900 incentive that is directly applied to their student loans . The program is available in California and Phoenix, Arizona to start and runs from April through Sept.

Student Assurance will help eligible customers free themselves of student loan debt faster by providing a contribution of up to $ 900 directly toward their student loan with a purchase or lease of a new Hyundai vehicle. Student Assurance is initially available at Hyundai dealerships in California

In the grand scheme of student debt, with many people carrying loans well into the six figures, $900 isn't going to make a huge dent, but it's still a pretty neat thing for a company to do, and it ties in well with Hyundai's other Assurance programs.

This was originally published on Roadshow.

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