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Honest Answers to Your Student Loan Questions
What are the best ways to pay for College?
After you have exhausted Scholarship opportunities available at your
college and in the private sector, apply to the Federal
Government for federally funded grants and subsidized student loans,
which currently have the best rates. See our Financial Aid Guide
for detailed information on the various programs, as well as an
outline of the application process, including the
FAFSA form and a
Scholarship Search.
We offer a no-fee Federally guaranteed Stafford loan
with a fixed rate and generous borrower benefits to both full- and part-time students
in Undergraduate and Graduate programs.
If your tuition costs exceed
Stafford limits,
we also offer parents a Federal
PLUS loan with a
great fixed rate and borrower benefits that enable you to reduce the
rate even further.
Graduate and Professional students can even apply without a
co-borrower for our new federal
Graduate PLUS loan.
Filling the gap above what Stafford and
PLUS offer is
possible with our
Alternative
loan that can provide you with up-to $250,000 for school.
What's the current Student Loan Scandal all about?
Over the years, some large lenders provided cash rebates, vacations,
gifts, stock and other incentives to school financial aid officials
to motivate them to steer your business toward their loan products.
Going forward, a level playing field will improve the trust that
everyone has in the system, through education, disclosure and
awareness. We at StuFund believe in enabling you to become an
active participant in this process with detailed information and
tools to make an informed decision.
As a new, small company based on ethics and the mission to help
provide educational funding for each and every student, regardless
of race, national origin, religion, sex, marital status, age or
disability, we welcome the transparency and honesty that a level
playing field should offer. Providing you with the best
products and service is vital to our mutual success.
What are Preferred Lender lists and how do they affect me?
Most schools create lists of lenders that students can select a loan provider
from. Often, the criteria for being listed includes requirements about
being able to work with the school's systems and processes of
submitting the loan paperwork. Also, some schools negotiate custom
deals with lenders to offer better loan packages to their students.
Sometimes, lenders are placed on these lists for unscrupulous
reasons.
However, you are allowed by law to work with any lender. We
recommend that you shop around for the best package, and work with the
people you are most comfortable with. You can contact the US
Department of Education's
Ombudsman
if your school delays or rejects your application because you are
using your own
lender.
What is a Consolidation loan?
Many students have several student loans; some at variable rates,
some with high rates, and sometimes a few with different companies.
A Consolidation loan lets you make a single payment each
month instead of several (for each class of loans), and can reduce your payments.
Federally guaranteed loans mostly have a 10-year repayment period;
consolidation loans can have terms up-to 30-years. Repaying the
same amount over a longer time lets you make dramatically lower
monthly payments, but can also substantially increase the amount of
interest you will pay.
Our no-fee
Consolidation loan reduces your interest rate with on-time
payments, and takes just a few minutes to
apply for.
Why StuFund?
We're here to help. We believe in providing you with the
information you need to make an informed decision, and to honestly
answer any questions you have. You can call us at
1-877-788-4773 or email questions to
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