North Carolina Student Loans
- AMS Education Loan Trust (833067) - Swansea, MA.
800-637-3060. ( Stafford loans, PLUS loans )
- Bank of America (806746) - Brea, CA. 800-344-8382. ( Federal Stafford,
PLUS Loans )
- Bank One, NA (805156) - Fishers, IN. 800-487-4400. (Stafford,
PLUS)
- Coastal Federal Credit Union (827214) - Raleigh, North
Carolina . 800-868-4262 x8101. (Stafford loan)(members only).
-
CHASE private student loans.
Lending amounts range from $1,000 to
$40,000 per year for academic expenses not covered by Federal loans. Defer payment until after you graduate.
- SunTrust Bank (820564) - Richmond, VA. 800/552-3006.
(Stafford loans, PLUS)
Paying for college
North Carolina's National College
Savings Program
helps families who want to save in advance. Student and
parent loans from College Foundation of North Carolina
offer affordable options to those families who need to
borrow.
Paying for college expenses is a shared
responsibility. No one pays the full cost of higher
education in America, since state resources and
colleges' own investment resources greatly reduce the
price that colleges actually charge their students. And
financial aid is available to those who cannot afford to
pay the prices colleges do charge.
The family is responsible for the portion of college
costs that it can reasonably afford, which is determined
by using standard financial aid formulas.
To finance major purchases such as a house, a car, or
a college education, most people spread the costs out
over time. Families may not be able to determine whether
something is "affordable" until they see how it breaks
down in terms of monthly payments.
If a family has already saved the entire amount of
its share of college costs, it may not have to use
current earnings or borrow at all.
Families who have done little or no saving for
college have fewer choices and will have to rely on some
mix of current earnings and student and/or parent loans.
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