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Reducing Your Chiropractic Student Loan Debt
By Brooke Heath
Many chiropractic students must rely on educational loans to help them obtain their degrees. However, the last thing that a student dreams about is graduating and beginning his or her career with thousands of dollars in student loan debt.
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 New Loans |
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Call us now at (800) 503-1146.
Private Loans:
For currently enrolled chiropractic students, we offer comprehensive Tuition Loan. These loans range between $3,000 and $50,000 per year and are available to any U.S. citizen or permanent resident attending a Title IV or otherwise approved institution.
The interest rate on our Tuition Loan is set at the prime rate (currently 7.75%), adjusted monthly, plus a margin depending on your credit history. The origination fee on the loan depends on your loan amount and credit evaluation.
Repayment can be deferred for up to 7 years after the loan is disbursed or 6 months following graduation or the time you leave school, whichever comes first. Repayment terms of up to 20 years are available.
Applying for a Tuition Loan is easy! You can apply anytime, even after a semester has started. We can pre-approve you over the phone in as few as 3 minutes. Your Tuition Loan will be disbursed directly to you by check two business days after you submit your signed promissory note, proof of enrollment, and supporting documentation.
Call us at (800) 503-1146 to speak directly with a financial advisor about eligibility requirements for our private loans; or, if you're ready to start an application, click here to go to our Registration Form.
Finding out if you qualify is fast and free…!
Federal Loans:
EdFed also offers federally guaranteed Stafford and PLUS loans.
Stafford Loans, available for undergraduate, graduate and professional students, are low-interest federal loans and are one of the most commonly used student loans. Stafford Loans are either subsidized (the government pays the interest while you are in school and during grace and approved deferment periods) or unsubsidized (you pay all the interest, and payments can be deferred until after you leave school).
The Parent Loan for Undergraduate Students (PLUS) is part of the Federal Family Education Loan Program (FFELP). Any parent with an eligible undergraduate student can apply for this loan. Also, beginning July 1, 2006, we will be able to offer the new PLUS loan for graduates. The Graduate PLUS loan was conceived with independent graduate students in mind; although eligibility is credit-based, a parent's application is not required. Keep the following in mind:
Absolutely free!!! A U.S. Government program (no fees, no hidden costs, no nothing)
Interest rates as low as 6.10%
No Credit Checks
No pre-payment penalties
Monthly installments - lower by 60%
Complete security on all your information.
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