About Our Loans
There are many types of loans for undergraduate and graduate students. Read more about these loans to determine which loan(s) best suit your needs as you plan how to pay for your college education.
| The Federal Stafford Loan |
| The Stafford Loan often provides the lowest interest rate available to students, so start here. The nation’s most popular loan package, Stafford Loans are guaranteed by the government and don’t require a credit check, a co-signer, or collateral. StuFund will offer borrowers a 0.25% interest rate reduction with automatic monthly payments.Currently, the interest rate is fixed at 5.60% for undergraduate subsidized loans and 6.80% for all other Stafford loans. There’s a six-month grace period before loan payments are due after graduation, and a minimum repayment of $50 a month.Read more… |
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| The Federal PLUS Loan |
| Even with the Stafford Loan awards, most families need to find other sources of funding to pay for their child’s total educational cost. The Federal PLUS Loan can be used by parents to fill the funding gap. StuFund will offer borrowers a 0.25% interest rate reduction with automatic monthly payments.Also, graduate and professional school students may apply for a PLUS loan without a co-borrower. Upon school certification, no payments are required while the graduate or professional student is attending school at least half-time. Parents also have the option of deferring payment until six months after the dependent student on whose behalf the parent borrows ceases to be enrolled on at least a half-time basis.Currently, the interest rate is fixed at 8.50%.Read more… |
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| Private Loans |
| For many students government-sponsored loans won’t cover the total cost of education. The difference can be made up by non-government loans provided by private loan originators like StuFund. The interest rates and origination fees are competitive, depending on the borrower’s credit history, and the repayment terms are flexible.Read more… |
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