|
|
|
View Your Accounts
Student Loans
|
Home >
Loans >
Student Loans >
Compare Student Loans
|
|
| |
|
| What is it? | Federally guaranteed government loan in the student’s name. It is not based on credit score. You have to be enrolled for 6+ hours per semester. You can have the payments deferred until six months after graduation. | Federally guaranteed government loan in the student’s name. It is not based on credit score. You have to be enrolled for 6+ hours per semester. You can have the payments deferred until six months after graduation. | The Federal PLUS Loan lets parents borrow money to cover any costs not already covered by a student's financial aid package. | | Interest Rate | For unsubsidized loans with first disbursement after July 1, 2008, the rate is 6.8%. For subsidized loans with first disbursement after July 1, 2009, the rate is 5.6%. (Federal guidelines determine unsubsidized and subsidized portions of loans – it is based on financial need.
TDECU Stafford loans have a 1% origination fee. | For unsubsidized loans with first disbursement after July 1, 2008, the rate is 6.8%. For subsidized loans with first disbursement after July 1, 2009, the rate is 5.6%. (Federal guidelines determine unsubsidized and subsidized portions of loans – it is based on financial need.
TDECU Stafford loans have a 1% origination fee. | PLUS Loans are fixed rate loans at 8.5%.
There is a 3% loan origination fee. | | Annual Loan Limits | $5,500 for first year dependent students
$6,500 for second year dependent students
$7,500 for third and fourth year dependent students | $9,500 for first year independent students
$10,500 for second year independent students
$12,500 for third and fourth year independent students | Parents may borrow up to the cost of attendance per student minus other financial aid. | | Repayment Begins | Six months after graduating or ceasing half-time enrollment and can be repaid over a 10 year term. | Six months after graduating or ceasing half-time enrollment and can be repaid over a 10 year term. | 30 to 60 days after final disbursement and deferment is possible. Can be repaid for a 10 year term. |
Still need more money? Parents can borrow money with interest-only payments for four years while you are in school with the Parent Survival Loan!
Fill out a contact form or contact a Student Loan Specialist at 800-839-1154.
|
|
|
|
| |
|
|
Blog
|
Privacy Policy
|
Feedback
|
Employee
TDECU Insurance Agency, LLC is a wholly-owned subsidiary of Texas Dow Employees Credit Union. TDECU Insurance Agency, LLC and Texas Dow Employees Credit Union are not affiliates of the insurance companies represented. Insurance products are not deposits; not NCUA insured; and not guaranteed by TDECU Insurance Agency, LLC or Texas Dow Employees Credit Union.
|
Federally insured by NCUA
TDECU Routing Number: 313185515
© 2005 - 2010, Texas Dow Employees Credit Union |
|
|
