Undergraduate and Graduate Students are eligible to borrow under the Federal Stafford Loan Program. The limit is determined by the student’s status and year in school. Refer to Maximum Annual Loan Limits Chart for loan amount. Applicants for these loans are required to complete the FAFSA and sign a Master Promissory Note with a lender. The Federal Stafford Loan interest rate is fixed at 6.8%. The AAA Student Lending Program can help you lower your interest rate even more.
When you borrow with The AAA Student Lending Program you are eligible for:
Standard Federal Stafford Loan - Subsidized & Unsubsidized
AAA Student Lending Program Benefits
2008-09
6.8% Fixed
0.25% interest rate reduction with auto debit payments
0% Federal origination fee
The AAA Student Lending Program Advantage
0.25 % interest rate reduction with auto debit payments
0% Federal origination fee
Eligibility Requirements:
Undergraduate or Graduate Student attending an eligible institution at least halftime
U.S. citizen or national, a U.S. permanent resident, or an eligible non-citizen
Making satisfactory academic progress as determined by your institution
You must submit a FAFSA
Federal GradPLUS Loan
Graduate and professional students are now eligible to borrow under the PLUS loan program. The limit is determined by the cost of attendance minus other financial assistance received. Applicants for these loans are required to complete the FAFSA. They also must have applied for their annual Federal Stafford Loan before applying for a Graduate/Professional PLUS loan. With a AAA Student Lending Program GradPLUS loan, you could save on the interest rate for the next ten years.
Standard Federal GradPLUS Loan
AAA Student Lending Program Benefits 2008-09
8.5% Fixed
0.25% interest rate reduction with auto debit payments
1% default fee waiver
When you borrow with The AAA Student Lending Program you are eligible for:
The GradPLUS Loan Advantage
0.25% interest rate reduction with auto debit payments
Loans and the AAA Student Lending Program offered through AAA Southern New England Bank. Rates and terms are subject to change or termination without notice. Loans subject to satisfactory credit approval and Federal government eligibility requirements. Other loans and terms available. Federal PLUS Loan borrowers are eligible for a 0.25% interest rate reduction if borrower elects to have monthly payments transferred electronically from a checking account. Interest rate reduction will begin when automatic payments start and will continue in effect as long as automatic payments continue without interruption. Interest rate will increase automatically by 0.25% if borrower does not make automatic electronic payments or if such payments are cancelled, rejected or returned for any reason.
Federal Stafford Loan interest rate is reduced by .25% if borrower elects to have monthly payments transferred electronically from a checking account. Interest rate reduction will begin when automatic payments start and will continue in effect as long as automatic payments continue without interruption. Interest rate will increase automatically by .25% if borrower does not make automatic electronic payments or if such payments are cancelled, rejected or returned for any reason.
Our Territory: AAA Southern New England proudly serves members in Rhode Island & the following counties in Massachusetts:
Bristol, Middlesex, Worcester, Berkshire, Plymouth, Suffolk, Barnstable, and Norfolk
Copyright 2008. AAA Southern New England
