Fifth Third Bank
Cincinnati Christian University

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Cincinnati Christian University
students and parents

Federal Stafford Loan

 

Federal Parent PLUS Loan

The first step in the financial aid process is applying for the low-interest federal Stafford loan. Stafford loans are fixed-rate loans (6.8%) available to undergraduates and graduate students who are attending school at least half-time. There are two types of Stafford loans: subsidized and unsubsidized.

Benefits:

  • Zero Origination Fee.
  • Earn 3.3% loan credit or cash back of the original principal balance after making the first 33 on-time payments by the due dates as initially scheduled.*
  • Fifth Third Bank will pay the 1% Federal Default Fee on the borrower's behalf on Stafford loans that are guaranteed by USA Funds 7/1/06 - 06/30/07.
  • No credit check required with attractive, low-interest rates and excellent borrower benefits.
  • Combined billing with Fifth Third Signature Loan through ManageYourLoansSM.
  • Flexible repayment options.


*Terms and conditions

 

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Federal Parent PLUS Loans are available to parents who wish to help their child pay for college. With a Parent PLUS Loan, parents may borrow up to the full cost of a child's education, including tuition, room and board, books and supplies, transportation, and living expenses, less other financial aid received.

Features and advantages:

  • Automatic debit customers get a 0.25 percentage.* point interest rate reduction.
  • Fixed interest rate (8.5%).
  • Not based on income or assets.
  • No collateral needed.
  • Interest may be tax deductible. Consult your tax advisor for more details.
  • No pre-payment penalty.
  • Flexible repayment options.


*Terms and conditions


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Signature Student Loan®

The Signature Student Loan® is a private, credit-based loan available through Sallie Mae’s® lending partners, including Fifth Third Bank.

Benefits:

  • High approval rates.
  • Interest rates and fees that are tiered based on credit, so the better the credit, the lower the interest rate and fees.
  • No payments while in school.
  • No income requirement for student borrowers.
  • A six-month grace period.
  • No payments due while student is enrolled in school at least half time; you can focus on school.
  • Available to undergraduate, graduate and health profession students.
  • Borrow more with a creditworthy cosigner, up to an amount certified by your school.

*Terms and conditions

 

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Borrowing with a cosigner

Applying with a cosigner can save you money!  If you do not have an established credit history or have a low credit score, you can apply with a cosigner, which can help you:

  • Get lower interest rates and fees.
  • Qualify for a loan despite a low credit score.

How to cosign

  1. The borrower applies for a Signature Student Loan.
  2. Cosign online with the confirmation number and PIN provided by the borrower.

Cosign now!

 

Other resources

 

Signature Student Loan® Rates and Fees

 
Lowest pricing when both the student borrower and a cosigner are credit approved:

Credit Tier

Disbursement Fee

Repayment Fee

Interest Rate

Monthly Payment Amount
APR

Excellent

0%

0%

Prime - 0.25%

$127
7.58%

Good

0%

3%

Prime + 1%

$146
8.98%

Fair

0%

3%

Prime + 5%

$203
12.43%

 

Pricing when only one is credit approved (it can be either the student borrower or a cosigner):

Credit Tier

Disbursement Fee

Repayment Fee

Interest Rate

Monthly Payment Amount
APR

Excellent

0%

3%

Prime + 0.5%

$140
8.54%

Good

0%

3%

Prime + 2%

$159
9.86%

Fair

0%

3%

Prime + 6%

$220
13.26%


Note:
Assumes a January 2007 Prime Rate of 8.25%, a $10,000 loan with two disbursements (one on September 1 and another on January 2), 45 months in school, 6 months grace and a 15-year repayment term. The APR will increase if the Prime Rate increases.