Sallie Mae Education Trust Northwestern University

Sallie Mae Education Trust® is dedicated to making affording the school of your dreams a reality.

Mother and Son
 

Federal Stafford Loan

  

Federal Parent PLUS Loan

     

For the 2007-2008 Academic Year


  • 0% origination fee— Illinois Student Assistance Commission will pay the 1.5% origination fee on the borrower's behalf on Stafford Loans for Academic Year 2007-2008.
  • 0% default fee available — Illinois Student Assistance Commission (ISAC) will pay the 1% federal default fee on Stafford Loans that are guaranteed by ISAC July 1, 2007 through June 30, 2008.
  • Earn a 0.50 percentage point interest rate reduction by choosing to make payments through automatic debit*
  • Accumulate rewards equal to 4% of your monthly payment—into your Upromise account—for each of your first 12 on-time payments*
  • Accumulate rewards equal to 1% of your loan amount—into your Upromise account— when you make your first 24 on-time payments*
  • Borrower benefits are effective for loans serviced by Sallie Mae and first disbursed July 1, 2007 through January 31, 2008. Check back soon for updated information for the remaining 2007/2008 academic year.

*Learn how to earn these benefits




Apply Now


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. More information

 

For the 2007-2008 Academic Year


  • 0% default fee available — Illinois Student Assistance Commission (ISAC) will pay the 1% federal default fee on Stafford Loans that are guaranteed by ISAC July 1, 2007 through June 30, 2008.
  • Earn a 0.75 percentage point interest rate reduction by choosing to make payments through automatic debit*
  • Earn a 0.50 percentage point interest rate reduction— that starts when you make your first payment on time—with a one-time benefit reinstatement opportunity*
  • Borrower benefits are effective for loans serviced by Sallie Mae and first disbursed July 1, 2007 through January 31, 2008. Check back soon for updated information for the remaining 2007/2008 academic year.

*Learn how to earn these benefits


Apply Now

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 student's education, including tuition, room and board, books and supplies, transportation, and living expenses, less other financial aid received. Parent Plus loans are fixed-rate loans at 8.5%. More information

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