Loan Options

Federal Direct Stafford Loan

Why choose Federal Direct Stafford Loans?

  • Low interest rate loan – 3.4% fixed for Subsidized, 6.8%for Unsubsidized.
  • 1% origination and default fee
  • Repayment on the loans begins 6 months after the last date of attendance or when a student drops below half time.
  • The student has up to 10 years to repay this loan.
  • No credit check.

Stafford Loan Graph

For more information on the Federal Direct Loan Program
http://www.ed.gov/offices/OSFAP/DirectLoan/index.html

To apply for a Stafford Loan Master Promissory Note (Make sure you have your PIN to e-sign)
https://dlenote.ed.gov

For questions regarding your Federal Direct Loan account
https://www.dl.ed.gov/borrower/BorrowerWelcomePage.jsp

 

Federal Direct PLUS Loan

Why choose Federal Direct PLUS (Parent Loan for Undergraduate Student) Loans?

  • Parent loan for dependent students.
  • Low interest rate loan – 7.9% fixed.
  • 4% origination and default fee
  • Option of postponing repayment until 6 months after student’s last date of attendance or when a student drops below half time.
  • The parent has up to10 years to repay this loan.
  • Instant credit check.
  • Can borrow up to COA minus all other financial assistance.

For more information on the Federal Direct Loan Program
http://www.ed.gov/offices/OSFAP/DirectLoan/index.html

To apply for a PLUS Loan, complete the Parent PLUS Pre-approval form (Make sure you have your PIN to e-sign)
and
 Master Promissory Note at https://dlenote.ed.gov.

For questions regarding your Federal Direct Loan Account
https://www.dl.ed.gov/borrower/BorrowerWelcomePage.jsp

 

Sallie Mae Smart Option Loan

Features of Sallie Mae Smart Option Student Loan

  • Student is the primary borrower of the loan.
  • Cosigner may be required to obtain loan approval or to help lower interest rate.
  • Interest rate is based on borrower and cosigner’s credit.
  • Interest only payments while student is in school.
  • Borrowers may apply for cosigner release after successful completion of their education.
  • Repayment terms depend on loan amount.
  • Why should I complete my Sallie Mae Smart Option Student Loan application online?
  • Instant credit check for approval
  • Ensure application is completed correctly
  • Ability to electronically sign application online
  • Easily accessible by signing into your account
  • Ability to send information to cosigner for easy cosigner application online

For more information and to apply, go to: Sallie Mae Smart Option Student Loan

  1. Click ‘I’m a student’ (left side of screen)
  2. Click ‘Sallie Mae Smart Option Student Loan’
  3. Click ‘Start your Sallie Mae Smart Option Student Loan online application