Federal
Student
Loan Program |
Type
of Aid |
Other
Information |
Annual
Award Limits |
Disbursement |
|
Subsidized
Stafford Loan
for undergraduate and graduate
students
who meet financial need
and enrollment criteria
more product info |
Loan:
must be repaid
You may consolidate your loans after school for
extended repayment terms
view terms at our student loan consolidation
site: click
here
|
Subsidized:
The Federal Government pays the
interest while the student is in school and during
grace and deferment periods.
Requirements
| co-borrower: |
NO |
| credit check: |
NO |
| collateral: |
NO |
Rates:
view
rates
|
$2,625
to $18,500 annually, depending on grade level
Maximum Limit:
view
chart |
Direct
Loans:
The federal government provides funds to schools.
The school then disburses funds to the student
after payment of tuition and other school expenses.
FFEL:
Private lenders and banks provide funds to schools.
The school then disburses funds to the student
after payment of tuition and other school expenses. |
Unsubsidized
Stafford Loan
for undergraduate and graduate
students
who meet financial need
and enrollment criteria
more product info |
Loan:
must be repaid
You may consolidate your loans after school for
extended repayment terms
view terms at our student loan consolidation
site: click
here
|
Unsubsidized:
The borrower is responsible for
interest during the life of the loan
Requirements:
| co-borrower: |
NO |
| credit check: |
NO |
| collateral: |
NO |
Rates:
view
rates
|
$2,625
to $18,500 annually, depending on grade level
Maximum Limit:
view
chart |
PLUS
Loan
Available to parents of dependent undergraduate
students
more product info |
Loan:
must be repaid
You may consolidate your loans after school for
extended repayment terms
view terms at our student loan consolidation
site: click
here
|
Requirements:
| co-borrower: |
NO* |
| credit check: |
Yes* |
| collateral: |
NO |
* Borrower must have a satisfactory credit. Parents
who don't have satisfactory credit should apply
with a creditworthy co-borrower.
Rates:
view
rates |
Cost
of attendance minus any other financial aid received |
 |
|
|
|
|
Private
Student
Loan Program |
Type
of Aid |
Other
Information |
Annual
Award Limits |
Disbursement |
Private
Student Loans
for undergraduate and graduate
students
more product
info |
Loan:
must be repaid
You may consolidate your loans after school for
extended repayment terms
view terms at student loan consolidation site:
click
here |
Available
to undergraduate or graduate student enrolled
at least half-time in a degree or certificate
program at an approved college or university
Requirements:
| co-borrower: |
NO* |
| credit check: |
Yes* |
| collateral: |
NO |
* Borrower must have a satisfactory credit. Borrowers
who don't have satisfactory credit should apply
with a creditworthy co-borrower.
|
$1,500
to $30,000; the five-year maximum is $130,000 |
Funds
disbursed directly to the student |
Home
Equity Loans
for homeowners with equity
more product info |
Loan:
must be repaid |
Available
to homeowners with an equity position at qualified
LTV ratios:
calculate
your LTV position
Requirements:
| co-borrower: |
NO* |
| credit check: |
Yes* |
| collateral: |
Yes |
* Borrower must have a satisfactory credit. Borrowers
who don't have satisfactory credit should apply
with a creditworthy co-borrower.
|
No
annual limits. Total amount limited by the approved
balance upon loan closing. |
Home
equity lines: funds available whenever
needed upon writing a check.
Home
equity loans: funds disbursed to the homeowner
upon closing. |
|
|
|
|
|
chart:
Financing
Notes
