student loans
 Many
students and their parents have found Federal Stafford
(student loan), Federal PLUS (parent loan),
and alternative loans to be attractive
alternatives to depleting their savings, using current income
or borrowing against their home equity when grants and scholarships
do not cover all costs. If you've already graduated, combine
multiple payments into one with a consolidation loan.
The Federal Undergraduate Stafford Loan is a simple interest,
government guaranteed, no collateral loan. The interest
rate effective now through June 2003 is 3.46% while in
school and 4.06% after school. The interest rate is capped
at 8.25%. Students may borrow while in school and begin
repayment six months after leaving school or graduating.
Dependent students may borrow up to the following amounts:
Freshman $2,625.00
Sophomore $3,500.00
Junior $5,500.00
Senior $5,500.00
Independent students may borrow up to the following amounts:
Freshman $6,625.00
Sophomore $7,500.00
Junior $10,500.00
Senior $10,500.00
Apply today for an Undergraduate
Stafford loan
The Federal Graduate Stafford Loan is the same as the
undergraduate loan, except that graduate students may
borrow up to:
Graduate $18,500.00
Medical* $38,500.00
Get pre-qualified today and receive an information kit
on College Loan Corporation's Federal Graduate Stafford
loan.
The Federal PLUS (Parent Loan for Undergraduate Students)
is a simple interest, government guaranteed, no collateral
loan. The interest rate effective now through June 2003
is 4.86%. The interest rate is capped at 9%. Parents may
be eligible to borrow up to the total cost of college
less all financial aid received. parents are eligible
for the PLUS if they meet the minimum government credit
requirements. Parents begin repayment 30 days after the
final disbursement for the academic year. The PLUS is
based on a ten-year repayment plan with no prepayment
penalties. The following are examples of monthly payments
based on the total amount borrowed.
$5,000.00 $52.69**
$10,000.00 $105.38**
$20,000.00 $210.77**
Get pre-qualified today and receive an information kit
on College Loan Corporation's Federal PLUS loan.
Parents, get pre-approved for a PLUS loan and apply online
today through Wiredscholar.
Alternative Loans can fill the gap between what you receive
from all financial aid sources and what you really need
to cover the cost of your education.
Citibank offers the CitiAssist ;reg; Loan, with no loan
fees, a low interest rate, no payments due while you are
in school, flexible repayment options afterwards, and
borrower benefits.
Apply online today!
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