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summary student loan chart

Federal Student Loans Type of Aid Other Information Annual Award Limits Disbursement

Federal Perkins Loans

No longer available

 

 

 

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 Loans:
no longer available for loans disbursed after July 01, 2010.

Subsidized
Stafford Student Loans

for undergraduate and graduate students

who meet financial need and enrollment criteria

more product info

view special benefits via our partner

 Loan:
must be repaid

You may consolidate your loans after school for extended repayment terms that lower your monthly payment.

 Subsidized:
The Federal Government pays the interest while the student is in school and during grace and deferment periods.

Limited Requirements
• co-borrower: NO
• credit check: NO
• collateral: NO


Rates:
view rates

Amounts:
$3,500 to $5,500 annually, depending on grade level

Maximum Limit:
view chart

 

Unsubsidized
Stafford Student Loans

for undergraduate and graduate students

who meet financial need and enrollment criteria

more product info

view special benefits via our partner

Loan:
must be repaid

You may consolidate your loans after school for extended repayment terms that lower your monthly payments

 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

 

Amounts:
$5,500 to $20,500 annually, depending on grade level (minus any unsubsidized loans)

Maximum Limit:
view chart

PLUS Loan

Available to parents of dependent undergraduate students

more product info

view special benefits via our partner

 

 Loan:
must be repaid

You may consolidate your loans after school for extended repayment terms that lower your monthly payments


 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

Amounts:
Cost of attendance minus any other financial aid received

Grad PLUS Loan

Available to graduates and professional students

more product info

view special benefits via our partner

 

 Loan:
must be repaid

You may consolidate your loans after school for extended repayment terms that lower your monthly payments


 Requirements:*
• co-borrower: NO
• credit check: Yes
• collateral: NO


* Borrower must have a satisfactory credit. Students who don't have satisfactory credit should apply with a creditworthy co-borrower.

Rates:
view rates

 

 Amounts:
Cost of attendance (includes tuition, room and board, books, and even travel) minus any financial aid received.
Private Loan Programs Type of Aid Other Information Annual Loan Limits Disbursement

Private
Student Loans

for undergraduate, graduate, and continuing education students

more product info


or dial:
1-866-813-7760

 

 Loan:
must be repaid

You may consolidate your private student loans after school for extended repayment terms that lower your monthly payments

 Qualifications:
Available to undergraduate, graduate, and continuing ed students enrolled in a degree or certificate program at an approved college or university

Requirements*:
• co-borrower: NO*
• credit check: Yes*
• collateral: NO


* Borrower must have at least 21 months credit experience and a satisfactory credit history. Borrowers who don't meet these credit requirements should apply with a creditworthy co-borrower.

 Amounts:
$1,000 up to the full cost of education as certified by your school 		Funds disbursed directly to the student and cosigner after it has been certified by the school, if any


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Financing a Better Future

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Home
Equity Loans

for homeowners with equity value in their home

more product info


 

 Loan:
must be repaid		 Qualifications:
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.

 Amounts:
no annual limits. Total amount limited by the approved balance upon loan closing.

Home equity lines:
funds available whenever needed upon writing a check.

Banker line of credit:
use as your primary money account to pay education costs.

Home equity loans:
total funds disbursed to the homeowner upon closing.