Edamerica
Edamerica
Code: 831453
800.337.1009
Stafford Data:
http://www.edamerica.net/applyforstudentloan/loansforundergraduates/federalstaffordloan/
  • 1%  Origination Fee
  • 0% Default fee with ECMC
  • A six-month payment-free grace period immediately following graduation, less than half-time status or separation from school
  • 0.25% interest rate reduction for auto-debit payments
PLUS Loan Data:
http://www.edamerica.net/applyforstudentloan/loansforundergraduates/federalparentplusloan/
  • 3.0% Origination Fee
  • 0.0% Default Fee with select guarantors
  • Flexible repayment options
  • Parents can request deferment after final disbursement, before repayment
  • No income or collateral requirements.
  • 0.25% interest rate reduction for auto-debit payments
Alternative Loan Data:
Xtra Credit Loan
Code:
http://www.edamerica.net/applyforstudentloan/loansforundergraduates/privateloanoptions/
800.337.6884
  • Minimum - $500.00
  • Maximum - Cost of attendance minus financial aid
  • Variable interest rate – LIBOR plus 5.50% to + 7.25%
  • Fees: 4-7%
  • A six-month payment-free grace period immediately following graduation, less than half-time status or separation from school
  • Co-signer strongly recommended