Pre Qualify Home Loan Form
Pre Qualify Auto Loan Form
Insurance
Personal Loans

GoCredix.com Student Loan Center

Many students and their parents have found Federal Stafford (student loan) and Federal PLUS (parent loan) 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.

The Federal Undergraduate Stafford Loan is a simple interest, government guaranteed, no collateral loan. The interest rate effective now through June 2001 is 7.59% while in school and 8.19% 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

Get pre-qualified today and receive an information kit on CollegePay's 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 2001 is 8.99%. 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 $63.31**
$10,000.00 $126.62**
$20,000.00 $253.24**

Get pre-qualified today and receive an information kit on College Loan Corporation's Federal PLUS loan.
 
 

Click Here

 

*Some medical students are eligible to receive up to an additional $20,000.00 in eligibility under the Graduate Stafford Program. In order to qualify, the medical school must have originally participated in the HEAL Program.

** The minimum monthly payments are based on the interest rate of 8.99%, which is effective now through June 2001.

 




© All Rights Reserved. Any commercial use or reproduction of text or information is strictly prohibited without the express written consent of GoCredix.com.