Endorsements - Endorsement Seeking Loans


Federal Student Loans

  • Deferred while the student is in school (enrolled at least half-time).
  • The origination fee changes every Oct. 1st, and is now 1.062%.
  • Fixed interest rate of 5.05% for loans disbursed after July 1, 2018.  
  • Student must be at half-time status (at least 6 credit hours) to be eligible.
  • Subsidized (interest paid by the government while the student is in school) or Unsubsidized (interest accruing while the student is in school) eligibility is determined by the FAFSA calculation.
  • A six-month grace period begins when the student graduates or drops below half-time status. Half-time is 6 credit hours. 
  • Repayment of principal & interest begins at the end of the six-month grace period
  • Complete your Entrance Counseling and Master Promissory Note at:  https://studentloans.gov

Alternative Loans

  • Credit-based student loan taken out through a Bank or Lending Institution (non-federal).
  • A credit-worthy cosigner is required for a dependent student. For independent students, a cosigner may be required depending on the student's credit rating.
  • Interest rates are variable and depend on the borrower's or cosigner's credit.
  • Repayment of the principal balance is deferred until the student graduates or drops below half-time. Some lenders will offer a six-month grace period.
  • List of available Alternative Loans.
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Greenville, Illinois 62246-1145
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