Loans

Awards to students which must be repaid, usually with interest.

It is felt that there is sufficient other aid which, with assistance from the family, will preclude the necessity for loans. To prevent large, unnecessary debt, EAC has withdrawn from participation in the federal student loan programs.

Borrowing and Loan Repayment

Several web sites feature repayment calculators that allow students to enter a total loan amount and determine the monthly payment under various repayment options.

Finaid www.finaid.org

Sallie Mae www.SallieMae.com

USA Group www.usagroup.com

ASAP/Union Bank Student Loan Information www.asapubt.com

Citibank www.studentloan.com

If savings or funding is not sufficient, families should consider private education loans. Terms and conditions for these programs vary. Families should comparison shop, being sure to find out how various features of these loans affect both the monthly payment amount and the total cost of the loan.

Private Educational Bank Loan Resources

Bank One 1-888-866-2456

Wells Fargo 1-800-658-3567

Bank of America 1-800-344-8382

CampusDoor 1-800-786-0002

Chase Education One Loans 1-888-663-9209

Wachovia Education Loans 1-800-866-2456 or 1-877-689-0763

Chela Financial 1-866-382-4352

Alaska Student Loans www.state.ak.us/acpe/ 1-800-441-2962 (toll free) or 269-7990 (in Anchorage)

Teri 1-800-255-8374

Financial Planning

Online Financial Planning Guide www.edwise.org

Credit Survival Resources studentloannet.com/before/credit.htm