Panhandle plains student loan
Panhandle plains student loan and services was incorporated as a for- profit corporation in 1999 according to the laws of state of Texas, with a mission to work for the success of students by promoting college financial aid awareness, providing a simple student loan process, and delivering all aspects of student loan service with a personal approach provide by considerate, devoted, and professional staff.
For fulfilling its mission PPSLC provides full service of Federal Family Education Loan Program (FFELP) loans, Federal Pumpkins Loans, Institutional account receivable and other alternative student loans. The good thing is that its services do not end here, as PPSLC services guarantee student loans for some very reputed secondary markets such as the Panhandle. Plains Higher Education Authority. Apart from this the PPSLC also originates guaranteed student loans for more than 50 lending institutes, who believe in and practice superlative customer services.
The institute since its inception has been fulfilling its duties at par to any other in the niche market of student loans. Its services are top class and in recognition of its tremendous work, it has received the Exceptional Performer Designation from US department of education effective from July 26, 2004.
The PPSLC provides three types of loans. Let's get in to details of them. For your information the PPSLC maintain a web site called: ppslc.com where you can apply for your loan at just a click of a mouse. Let's delve in to each of the types step by step:
1. Stafford loan: the web site provides you details of the Stafford loans and take you step by step through the process of availing the Stafford loan. Though you can apply for the loan on web but you have to have a prior permission from your school for this. You will have to first sign for E-sign for applying for loans on the web. if any way your school does not use loan on web you have the facility to sign as the web site allow you to e-sign a Stafford loan or you can sign Stafford MPN(master promissory note) with a ink pen on paper, or you can also request a Stafford MPN to be mailed to you for signature. The various incentive that the Stafford loan provide you are as below-
zero origination fees obviously with term attached to it,
you will get a rate reduction of 2% if you repay without default for 36 months,
as a bonus of association with Panhandle, it will pay your last account balance of $500, provided all your repayment is in time.
lets shift our attention to the next loan type and it will be a great interest to you if you are in graduation and student of professional course that is:
2. Grad Plus loan: the site also offers you the e-sign process as it is the prerequisite to apply for loan on the web. Let's move on, the incentives are more or less the same for this type of loan also, so we can move on to other aspects of Grad Plus loan.
The Plus loan, which in its purview includes both grad plus as well as the parent plus has terms almost same for parents and the students. a plus loan is federally insured loan with interest rate fixed at 8.5%. Student can borrow the loan for the cost of education reducing all other financial aid he is getting. One of the chieftain feature of plus loan is that it is not based on need. The federal regulation or the lender criteria will decide on his creditworthiness and the loan is providing on their discretion. The first repayment is basically after 60day of the final disbursement.
3. Panhandle Plains advantage loan (PPLA): it is a private credit based loan for student who might need additional financial assistance. It helps you bridge the difference between your cost of education and the traditional financial aid you are receiving. Let's see what can make you eligible to apply for this loan:
You should be 18 years of age;
You can be a undergraduate or graduate enrolled at least for halftime course with an accredited rated institute, it is imperative that you are studying in an accredited institute,
You have to be an U.S citizen or a eligible non-citizen
and attending to a Texas postsecondary institution.
Let us check out some of PPLA advantages
Minimum loan amount: you can get a loan for sum starting form $500.
Grace period: 6 month from the date when the student no longer is enrolled in any course even half time.
Repayment period: the repayment period is as far as 10 years.
So, if you are heading for student loan and want genuine, faithful dealing contact, PPSLC.
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