Getting into a good school
used to depend on how smart you were. Now the real test is finding the money to
pay for it. Cambridgeport Bank has loans for students, loans for their parents,
and most important, people who can help you figure out which kind of loan is right
Education Loans at a
glance: What makes each one different
Stafford Loan (formerly GSL).
These are low interest rate
loans for students enrolled at least half the time in an approved school. Freshmen
and career vocational students can borrow up to $2,625 each year. Sophomores can
borrow up to $3,500 each year Juniors and Seniors may borrow up to $5,500 each
year and Graduate students up to $8,500 per year. The interest rate is variable
and is adjusted annually.
Students not eligible for
a Subsidized Federal Stafford Loan may apply for this loan. Independent Undergraduate
students and Graduate students may borrow from $6,625 - $18,500 based on academic
level. Interest may be paid while the student is enrolled or deferred until graduation.
The interest rate is variable and is adjusted annually.
Parents of Undergraduate
students may borrow up to the cost of attendance minus any financial aid received.
The interest rate is variable and adjusted annually.
Cambridgeport offers college
loans for people who aren't made of money. Reasonable college tuition's are rapidly
going out of style. Fortunately there are a number of approaches that can soften
the blow. We welcome the opportunity to sit down with parents to explore financial
Other Cambridgeport services
you may be interested in: A Home Equity
Line of Credit offers a low cost, extremely flexible borrowing alternative
for parents of college students.
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