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A strategy for financing your educational expenses
In the process of paying for college, your objective should be to satisfy the
balance of tuition costs without spending too much on interest from loans. Our
objective is to provide you with a strategy to accomplish this. We developed the
customizable
Villanova Financing Option to encompass the best available
financing options to meet your needs.
The Villanova Financing Option includes the following recommendations, in order
of cost-efficiency:
- The cornerstone of all financial aid award packages is the
Federal Stafford Loan. It offers the best
available rates and repayment terms, regardless of credit history. In many
cases, the Stafford Loan is completely subsidized (interest-free) during the
period of school attendance.
- Through the help of TMS (Tuition Management Systems), we are proud to
offer the Villanova Tuition Payment Plan. This is a method of paying
out-of-pocket (and thus interest-free), but spread out over 10 monthly
payments in the amount of your choice.
- The next-most efficient loan is the Federal PLUS
(Parent Loan for Undergraduate Students). PLUS loans have very good rates and
repayment terms, but the parents’ creditworthiness must be assessed first.
- If the options above do not satisfy your balance, a private loan may
fill in the gap.
Choosing a Lender
You may select any lender that participates in the
Federal Stafford, Federal PLUS, Federal Grad PLUS or any of the Private
Educational Loan programs. Listed below are lenders that have demonstrated a
commitment to service, as well as competitive rates and terms.
Federal Stafford Loan
Chase Bank (JP Morgan Chase Bank N.A.)
Citizens Bank
PNC Bank
Wachovia Education Finance
Wells Fargo Bank
Federal PLUS Loan/Federal Graduate PLUS Loan
Chase Bank (JP Morgan Chase Bank N.A.)
Citizens Bank
PNC Bank
Sallie Mae Education Trust
Wachovia Education Finance
Wells Fargo Bank
Private Educational Loans
Chase (JP Morgan Chase Bank N.A.)
Citibank
PNC Bank
Alternative Loan Program
Sallie Mae Education Trust
Wells Fargo Bank
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