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Virginia Student Loan Resources

Virginia College Loans, 1 New Lender:


Virginia Student Loans

Virginia based students always have the option of funding their college tuition and other related expenses via a federal student loan. By filling out a Free Application for Federal Student Aid (FAFSA), borrowers can qualify for funding that ranges from $3,500 to $20,500 annually. Undergraduates and graduates alike can borrow through various federally-backed programs to help pay for college. Depending on financial need, students can qualify for both subsidized and unsubsidized funding.

All a student need do to qualify is complete the FAFSA, be a U.S. citizen, enroll in an accredited school and seek a degree at minimum on a part-time basis. Once a FAFSA is filed, the U.S. Department of Education will provide the student, and the Virginia schools designated by the borrower, a Student Aid Report (SAR). The school then uses the SAR to determine what loans the student qualifies for.

Sometimes, students will also qualify for a Federal Pell Grant or a Virginia state grant. These grants are awarded on a yearly basis and are extended to individuals who apply immediately after the beginning of each calendar year.

The list of participating Virginia schools and universities who accept federal student loans is long. Providing the school is accredited, and the student is enrolled in a qualified program the loan can be used to cover educational expenses. Some of the participating Virginia schools include Atlantic University, the Aviation Institute of Maintenance, and the Army Quartermaster Center and School.

There is also the option of seeking private loans. Based on credit history, lenders can extend students additional funding to their federal loans, grants and scholarships. Borrowing limits in the private sector tend to be more relaxed and the application process is certainly faster. Before taking out a private loan, students are encouraged to seek their federal options and then shop and compare before they sign on with a lender.
 

University of Virginia, Virginia Tech, Virginia State University System Student Loans :

  • Allfirst Bank (805477) - Harrisburg, PA. 800-721-2265. ( Federal Stafford Loans, PLUS Loans)
  • AMS Education Loan Trust (833067) - Swansea, MA. 800-637-3060. ( Staford Loan, PLUS Loan )
  • AmSouth Bank (810612) - Jackson, MS. 800-858-7822. (Stafford, PLUS)
  • Bank of America (806746) - Brea, CA. 800-344-8382. (Stafford, PLUS)
  • Bank of Northumberland, Inc. (811098) - Burgess, VIRGINIA . 804-453-7003. Stafford Loans
  • CommonWealth One Federal Credit Union (824264) - Alexandria, Virginia . 703-823-5211 or 800-424-3334. (Stafford, PLUS)
  • Fleet National Bank (805243) - Worcester, MA. 800-235-3385. (Stafford Loans, PLUS)
  • Independence Federal Savings Bank (831036) - Washington, DC. 800-733-0473. (Stafford, PLUS)
  • Langley Federal Credit Union (822131) - Hampton, VA. 757-825-7113 or 800-826-7490. (Stafford, PLUS)
  • MBNA America (Delaware) N.A. (833772) - Wilmington, DE. 888-272-5543. Federal Stafford Loan, PLUS loan
  • Medfunds (831654) - Cleveland, OH. 800-665-1016.
  • SunTrust Bank (820564) - Richmond, VA. 800-552-3006. Stafford Loan, PLUS loan

Council of Independent Colleges in Virginia - Information about Virginia’s private colleges and universities.


Additional Student Loan Sites
Consolidate student loans before July 1. If you do it after that you might not qualify for an interest rate deduction.
 
 
Copyright 2007, Alternative student loans for college education. Updated July 2007. Virginia Lenders listed are screened before listing in the private finance directory. Visit our New pages for: | Alternative | Loans | Glossary | Finance Articles | Loan Info for college.