Everyone knows that getting an education is expensive. Student loans are available to most students for tuition, but what about the other expenses? You need books and supplies, a lap top as well as funds for room and board. To make matters even more challenging; should you decide to take on a full load of classes, it's difficult to work full time and still get the grades you want. Many students decide to supplement their federal student loans with a private student loan. If you're enrolled at least half time and need funds for tuition, rent and books, the eduCash Loan Program can help. From room and board, to travel expenses and paying off past due balances; a private student loan can be used to finance any portion of the current academic year's education-related expenses. The money is delivered straight to you and not to your school.
The eduCash Loan Program can apply towards an Undergraduate or Graduate degree, Continuing Education, Study Abroad or even K-12 school expenses or tuition. A borrower may receive up to $40,000 per academic year through an application process with no application fees, federal forms or deadlines required.* Good credit is required; however, a family member or friend may cosign if you don't meet the credit criteria on your own. A creditworthy co-signer greatly improves your chances of receiving the needed funds.
Undergraduates may choose to defer repayment of principal and interest until six months after graduation or dropping below half time enrollment. Immediate repayment and interest-only repayment options are also available. Graduate repayment is automatically deferred until six months after graduation or dropping below half time enrollment. Deferral for Continuing Education loans varies with program type. K-12 loans are immediate repayment loans.
The eduCash Loan Program offers many benefits. For example, borrowers who elect to make automatic payments via ACH (automatic checking account withdrawal) get an interest rate reduction of 0.25%. Borrowers that opt for this payment method receive an additional 0.25% interest rate reduction after making the first 36 payments on time. After the first 48 consecutive payments are made on time, co-signers for Undergraduate, Graduate and Continuing Education loans may be eligible for release.
Based in Chicago, FinanSure Student Loans (FSL) is unlike any other student loan company. By participating in the traditional student loan programs and providing access to unique borrower benefit/discount programs, FSL programs are highly perceived by borrowers and schools alike. FSL provides access to non-traditional "private" loans, via the eduCash Loan Program, as a supplement to federal student loans. In addition, FSL offers consolidation loans to assist borrowers in managing their educational loan debt following graduation.
FinanSure, Inc. is a full-service financial services company focused on providing schools, students and their families with access to a full array of loan options as well as offering custom solutions and personalized service, which maintains long-term, satisfied customers.
To sign up for a supplemental loan, visit www.eduCash.com.
* Undergraduate and graduate borrowers may borrow annually up to the lesser of the estimated cost of attendance or $30,000 ($40,000 for certain schools where it has been determined that the annual cost of attendance exceeds $30,000). Borrowers in Continuing Education and K-12 loan programs may borrow annually up to $30,000.
Copyright © 2007, ARAcontent
. Questions of a Do It Yourself nature should be submitted our "