When you need some extra money for educational expenses, look to Affinity. Affinity offers convenient government and private loans with better rates than most credit cards and flexible repayment options.Whether it's to help pay for college tuition, books and supplies, fees, room and board, or computers, our loans can help meet your particular needs.
Government Loans
Affinity Financing
Federal Stafford Loan
Federal Plus Loan
Affinity Education Line of Credit
What is it? The Federal Stafford Loan is one of the most affordable government loans available. This loan can be used by itself or in combination with other federal or private loans. The Federal Stafford Loan is subsidized (needs-based) or unsubsidized (not needs-based).1
What is it? The Federal PLUS Loan helps "fill the gap" in financing an education. This loan allows parents and graduate or professional students to finance up to the full cost of education, minus costs not already covered by any other financial aid received.
What is it? Borrow for college now - pay after you graduate! Affinity's deferred Education Line of Credit is a personal line of credit for education expenses, with a very low interest rate. Payments may be deferred up to 60 months, with the option of paying interest quarterly. There is no application fees and no annual re-application process.
How do I know if I am eligible? Borrower must submit a Free Application for Federal Student Aid (FAFSA) 2 before applying for this loan.
The student must be enrolled in school at least half-time as determined by the school.
The student AND the borrower must be a U.S. citizen, national or eligible non-citizen.
How do I know if I am eligible? Borrower must submit a Free Application for FAFSA before applying for this loan.
Borrower must be a parent of a dependent, undergraduate student who is enrolled full or half-time, or a graduate student attending at least half-time.
The student AND the borrower must be a U.S. citizen, national or eligible non-citizen.
How do I know if I am eligible? FAFSA is not required.
The student may apply with his/her parent as co-signor.
A $10,000 maximum may apply for students who do not meet underwriting guidelines.
What is the maximum annual loan amount? Year 1: $5,500
Year 2: $6,500
Years 3-5: $7,500
What is the maximum annual loan amount? The maximum loan amount is the full cost of student's education minus the total amount of other aid received.
What is the maximum annual loan amount? The maximum loan amount is the full cost of education, if borrower qualifies.
What are the terms and repayment policies? The Federal Stafford Loan can be taken out for a term of up to 10 years. Payments begin 6 months after graduation date or the date at which the student drops to less than half-time school enrollment status.
What are the terms and repayment policies? The Federal PLUS loan can be taken out for a term of up to 10 years. Repayment begins immediately after the loan is fully disbursed.
What are the terms and repayment policies? Affinity's Education Line of Credit can be taken out for a term of up to 10 years. Payments begin 6 months after anticipated date of graduation or 60 months, whichever comes first.
1 Subsidized - the Subsidized Stafford Loan is based on financial need. The Government pays interest on this loan during the student's full-time school enrollment. Unsubsidized - the Unsubsidized Stafford Loan is NOT based on financial need. The borrower pays interest during the student's full-time school enrollment. 2 Members can obtain information and apply at www.fafsa.ed.gov.
Your savings Federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a US Government Agency.
