Doing Your Homework on Student Loans

When it comes to financial aid, there’s good news and better news.
The good? Nearly everyone is eligible to receive assistance of one kind or another. The better news? Obtaining financial aid is easier than you may think.

And as always, Wachovia is here to help.

From navigating the FAFSA (the Federal Application for Federal Student Aid) to learning about the range of funding options, we can help you manage the process of finding and applying for a wide variety of student loans.

Types of Loans

Government loans, such as the Federal Perkins Loan, the Federal Stafford Loan for students and the Federal PLUS Loan for parents and graduate students, are insured and regulated by the Department of Education, and offer low fixed interest rates, and favorable repayment terms. We encourage all students and their parents to investigate federal loans before considering private loans such as the Wachovia Education Loan.

If you have $10,000 or more in outstanding federal student loans, you can combine those existing loans into a single Federal Consolidation Loan from Wachovia. This single loan can simplify the repayment process by giving you a single reduced monthly payment and an extended repayment period. If you need an option to better manage your monthly loan payments, but don’t feel consolidation is right for you, learn how to postpone repayment on your federal loans.

Private loans are for students who need more financing than federal aid programs can provide. Banks and other financial institutions offer private loans. Wachovia’s Zero-Fee Education Loan can cover 100 percent of the cost of your education, with low rates and no payments while you are still in school. We defer repayment until six months after graduation, so you can focus on your studies and future employment, instead of loan payments.

It pays to choose Wachovia as your student loan provider. That’s because we offer exclusive savings with all our education loans for students and parents.* Learn more at wachovia.com/studentsavings.

Visit Wachovia’s Education Loans resource center and get answers to all of your questions about financial aid, even before you know what they are.

Ready to Apply?
Use our fast online application or call us toll-free at (888) 953-4987.