USA 2017 .com Educational loans.

Stafford Loans

Students can borrow low, simple interest, government-guaranteed loans that they do not need to begin repaying until 6 months after they graduate. The current Stafford in-school rate equals 2.82%!

The Educational Loan Company offers Federal Stafford Loans to students attending eligible post-secondary institutions. ELC is currently offering historic low interest rates of 2.82% (In-School).

Students can borrow money and not worry about paying back their loans until 6 months after they graduate. Maximum yearly limits are as follows:

Year Dependent Independent

Freshman $ 2,625   $ 6,625 Sophomore $ 3,500   $ 7,500 Junior $ 5,500   $ 10,500 Senior $ 5,500   $ 10,500 5th Year $ 5,500   $ 10,500 Graduate $ n/a   $ 18,500 Medical $ n/a   $ 38,500

There are no credit check requirements. Students are automatically eligible for Stafford loan monies when they complete the FAFSA, Free Application for Federal Student Aid.

Plus

Parents can borrow low, simple interest, government-guaranteed loans that spread the cost over 10 years. Parents can borrow up to the cost of college, less financial aid received. ELC's new rate is 4.22%!

ELC offers Federal PLUS Loans to parents of undergraduate students attending eligible post-secondary institutions. ELC is currently offering historic low interest rates of 4.22%!

Parents can borrow up to the cost of college, less financial aid (grants, scholarships, loans and work-study) their student receives. Parents do not begin repayment until 30-60 days after the last disbursement of funds to the school, which usually takes place in February or March (for schools that operate on semesters).

The PLUS loan is based on minimum federal credit requirements. To be eligible, a parent cannot have any bankruptcies, tax liens and/or foreclosures in the last 5 years or be more than 90 days late on any current monthly payment obligations.

ELC offers free consultations 12 hours a day, 7 days a week. Call free: (800)334-2803 9:00 AM - 9:00 PM (EST) Monday - Sunday. Or even better, visit our website.

FACT # 1: This is a federal program. That being stated, borrowers receive the same interest rate no matter which lender they choose, therefore borrowers want to select the lender that offers the best benefits package. ELC offers the best benefits package for Consolidations in the industry.

FACT # 2: ELC is an authorized lender. ELC's FFELP Lender Code is 834003. Several companies that advertise on the web are not lenders. They are marketing companies. These so-called "paper-mills" simply sell your application to actual lenders. When you choose ELC, you are choosing a lender, not a "middle-man".

You are welcome to get:
1.375 % Student Loan Consolidation, Reduce Monthly Payments up to 70% - Fill out a form with valid contact information for Federal Consolidation Loan. This is a federal program. That being stated, borrowers receive the same interest rate no matter which lender they choose, therefore borrowers want to select the lender that offers the best benefits package. ELC offers the best benefits package for Consolidations in the industry.

Last news. According to report from Commission Junction (CJ) we have to inform you: The Educational Loan Company (ELC) (url: educationalloancompany.com) as an Advertiser in CJ system has been deactivated for unknown reason. Please stay tuned. We'll publish new information about it on this page.

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Student loans. Next Student is a premium provider of federal and private student loans and federal student loan consolidations. Our target audience basically are students or parents with federal loans that have not consolidated previously, are out of school and in repayment of their loans, or will be graduating within six months, have more than one lender that holds their loans and are over the $15,000 minimum threshold. For many students and their families the process of finding money for college seems like a daunting task with a never-ending pile of paperwork. They often get lost in the maze of terms, loan types and interest rates. We believe in making college funding as easy as possible and simplify the process.
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