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RBS Citizens Financial Group announces new TruFit Student Loan offering for graduate students

Citizens Bank and Charter One student loan offerings updated to provide more flexibility and choice for students pursuing higher-cost and longer-duration graduate programs

Providence, RI (June 13, 2013) – RBS Citizens Financial Group, Inc. (RBSCFG) today announced an expansion of its TruFit Student Loan product, with competitive rates, enhanced borrowing caps and deferment terms tailored especially for students attending MBA, law, dental, medical and other graduate programs.

RBSCFG’s Education Finance products are available through its Citizens Bank and Charter One brands.

"We are always looking for ways to help make the pursuit of higher education more affordable, and students pursuing advanced degrees have told us that a private student loan is very often the best choice for them," said Brendan Coughlin, President of Education Finance, RBS Citizens Financial Group. "Given the cost and duration of both full-time and part-time graduate programs, our graduate student loans are an extension of our commitment to make it easier for students to solve the financial puzzle of paying for their education while they pursue their chosen careers."

With these loans, students studying to become medical doctors, doctors of osteopathic medicine, doctors of dental medicine or doctors of of dental surgery can defer payment of their loans for up to eight years while in school (including undergraduate and graduate studies), followed by up to four years of residency and internship. Borrowers of the TruFit Student Loan for MBA, law and other graduate disciplines can defer payment of their loans for up to eight years while in school, including undergraduate and graduate studies.

The TruFit Student loan for graduate students comes with an interest rate as low as 2.69 percent. There are no application or origination fees with the TruFit Student Loan, a private student loan offering both fixed and variable rates and flexible repayment terms of five, 10 or 15 years. Borrowers and co-signers with a prior TruFit Student Loan or qualifying Citizens Bank or Charter One account receive a 0.25 percent interest rate reduction on their loan.

In addition, for a limited time this summer, Citizens Bank and Charter One are offering to the public an exclusive discount typically available only to bank employees: Borrowers who complete their TruFit Student Loan application now through August 31, 2013 will automatically get a 0.25 percentage point interest rate reduction for the life of the loan. Borrowers can receive additional interest rate reductions for automating their payments as well as having other bank accounts, like a checking or savings account, with RBSCFG. Students who open their first new Citizens Bank or Charter One personal checking account now through September 30, 2013 can earn a $25 bonus for making at least one single deposit of $250 and 20 debit card payments and purchases in the first 60 days.

The company has a dedicated team of customer service representatives who work with students to make sure they are aware of all of their funding options before determining if a private student loan is the best solution for them. It also works with schools to ensure that students only borrow what they need to pay for their education, including indirect costs like books and personal expenses. As part of its commitment to being a responsible and transparent lender, RBSCFG this month introduced the TruFit Student Loan Summary, an annual loan "report card" detailing how much the students have borrowed to date from RBSCFG, what their estimated monthly payments will be after graduation based on the total amount borrowed to date, and when their payments are scheduled to begin.

To learn more about the TruFit Student Loan for Graduate Students, students can visit a local Citizens Bank or Charter One branch, apply online or speak to an Education Finance specialist between 8:30 a.m. and 8 p.m. ET weekdays at 1-800-708-6684 or 1-800-721-3969.

About RBS Citizens Financial Group, Inc.
RBS Citizens Financial Group, Inc. is a $126 billion commercial bank holding company. It is headquartered in Providence, R.I., and through its subsidiaries has approximately 1,400 branches, more than 3,600 ATMs and nearly 19,000 colleagues. 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. RBSCFG has non-branch retail and commercial offices in more than 30 states. RBSCFG is owned by RBS (the Royal Bank of Scotland Group plc). RBSCFG’s website is citizensbank.com.



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