| Stafford
Loans
Beginning July 1, 2006, interest rates on Stafford
Loans are fixed at a 6.80% for the life of the loan.
With a First Community Bank/CollEDGE Loans Stafford
Loan we pay your borrower origination fee for you. This can
result in a great savings for you in your cost of obtaining
your higher education.
Repayment begins after the grace period (six
months after you graduate, withdraw or drop below half-time),
you become responsible for making principal and interest payments.
To Qualify:
|
| • |
You must be enrolled
in at least half-time status |
| • |
Must maintain Satisfactory Academic
Progress according to the standards of the school |
| • |
You must be a U.S. legal citizen
or permanent resident alien |
| Subsidized
Stafford
Federal Subsidized Stafford Loans are offered to dependent
or independent undergraduate and graduate students who demonstrate
financial need. Eligibility is determined by the financial
aid office and, your financial aid award package will tell
you how much Subsidized funds you qualify for.
While you’re in school and during periods of deferment,
the government pays the interest on Subsidized Stafford Loans.
Unsubsidized Stafford
Federal Unsubsidized Stafford Loans are also awarded to dependent
or independent undergraduate and graduate students. Unsubsidized
loans are not awarded on the basis of need.
You will be charged interest while in school. You may choose
to pay the interest or allow it to accrue. In the case of
accrual, the interest will be capitalized (added to the principal
amount of your loan). In the long run, capitalizing the interest
increases the amount of money you will repay.
APPLY
HERE |
