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Citizens Financial Group offers new fixed rate student loan as low as 6.75% APR

TruFit Student Loan® has competitive rates, no origination fees and three repayment options

Providence, R.I. (July 25, 2011) - Citizens Financial Group today announced that its TruFit Student Loan® product is now available with a new fixed rate, giving students peace of mind in knowing how much their monthly payments will be when they start to repay their loan. There are no origination fees associated with the loan and interest rates are as low as 6.75 percent APR. Although students have the ability to qualify solely, they are encouraged to apply with a qualified cosigner to increase their chances of receiving the lowest interest rate possible.

"We know from our Citizens Bank and Charter One customers that many families budgeting for college today are interested in a fixed rate option that gives them more control over their finances in the face of an uncertain economy and rising tuition costs," said Brad L. Connor, Vice Chairman, Consumer Finance for Citizens Financial Group. "This product offers competitive rates while giving students a dependable source of funding after grants, scholarships and federal loans have been exhausted. We hope this new option will make it even easier for students to achieve the goal of attending the school of their choice."

With all fixed- or variable-rate TruFit Student Loans, students have three repayment choices: immediate, interest only or deferred until six months after graduation. Borrowers will receive a 0.50 percent interest rate reduction for automatic payment from any eligible Citizens Bank or Charter One account or a 0.25 percent interest rate reduction for automatic payments from accounts at other banks.

Citizens Financial Group certifies loan amounts with colleges to help ensure that students only borrow what they need to fund their education, including indirect costs such as books and personal expenses. The bank also provides online websites with tips and tools to assist students in saving and budgeting for college, applying for financial aid and establishing and maintaining good credit.

The bank offers a full suite of financial products for students – the Student Money Bundle, which provides students with exclusive discounts, cash-back rewards and gadget protection for devices like cell phones, laptops and mp3 players in addition to financial management basics like online banking and bill pay, mobile and email alerts, instant money transfers, a checking account and a debit card.

The TruFit Student Loan is available to eligible students who are enrolled at least half-time in a four-year undergraduate or graduate program. Students can apply online at www.citizensbank.com/trufitstudentloan or www.charterone.com/trufitstudentloan or speak to an education finance specialist between 8:30 a.m. and 8:30 p.m. weekdays at 1-800-708-6684. For more information on the Student Money Bundle, go to www.citizensbank.com/trufitstudentloan or www.charterone.com/trufitstudentloan

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is a $132 billion commercial bank holding company. It is headquartered in Providence, R.I., and, through its subsidiaries, has more than 1,500 branches, approximately 3,800 ATMs and more than 21,100 employees. Its two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Michigan and Ohio. CFG has non-branch retail and commercial offices in more than 30 states. CFG is owned by RBS (The Royal Bank of Scotland Group plc).