Student Loans from ACCESS GROUP Money Lender


What is Access Group?

Access Group is a nonprofit student loan provider that has 25 years of experience in providing graduate as well as professional student loans. The company operates out of Wilmington, Delaware. The company’s CEO as well as President is Christopher P. Chapman. Richard A. Matasar serves as the Board of Directors who is the dean and president of New York School.

What are the different kinds of loan provided by Access group?

The company provides federally guaranteed Consolidation loan as well as Federal Stafford loan via Federal Family Educational Loan Program. Access group has an established history of providing Bar Examination loan to help the students to bear the expenses associated with studying for bar examinations. It also provides loan to business, medical, dental, health and other graduate students. But the Access Group Loan Program falls into 3 categories: Federal Stafford Loan, Graduate plus Loan and Parent plus Loan.

What is Federal Stafford Loan?

Federal Stafford Loan is a federally guaranteed low cost loan that is made available to those students who fulfils all the eligibility criteria of obtaining a Federal Aid. The loan is either subsidized or unsubsidized. Under subsidized loan, the government pays for the interest rate during the grace period while in unsubsidized, you are supposed to pay all the interest rate that accumulates. The maximum amount of loan that you can take is the cost of attendance minus the grants or scholarships that you receive. The loan amount would be directly delivered to your school. The rate of interest charged is 6.8% for Federal Stafford Loan and 8.5% for Federal plus Loan and the repayment period begins after 6 months of course completion.

What is Graduate Plus loan?

Graduate Plus Loan is a credit based loan that is made available only when you have good credit scores or if you don’t have you would have to look for an endorser with good credit scores. This loan program is specially designed to meet the financial need of those students that exceed the Federal Stafford Loan limit. This loan covers the full cost of your education like purchase of books, paying for the tuition fees and boarding rent etc. The borrower needs to have a good credit history. If you don’t have then you need to apply for the loan with the help of creditworthy cosigner. There is no annual or aggregate limit. You can borrow what you need. The rate of interest is fixed and the repayment begins once the course is completed.

What is Parent plus Loan?

Parent Plus Loan is a federally guaranteed loan that is made available to the parents of the undergraduate students. It is also a credit based loan. It means that until and unless the borrower has got good credit history, he/she won’t be able to avail the loan. The loan covers the entire tuition cost and the living expenses at the college or professional school.

What are the eligibility criteria to avail the loan?

In order to avail any kind of loan from Access Group, you would have to fulfill certain eligibility criteria. The school or college has to be a licensed one and should be approved by the department of education. You need to be a permanent citizen of USA and your age has to be more than 18 years.

What is the mode of applying and the relevant documents needed to submit?

Applying for loan from Access Group is not at all difficult. You can do the same either through online or through paperwork. Along with the application form, you would have to submit certain relevant documents like your age proof, residential proof, identity proof and details about your bank account so that the loan amount can be transferred to your account after approval.

What are the advantages of availing student loan from Access Group?

There are many advantages of availing education loan from Access Group. With low interest rate and easy repayment options, this loan is getting very popular. Also minimum paperwork is required and the loan is approved within 4-5 days. There are no hassles whatsoever regarding the loan procedure. If you have any queries regarding the loan, the people out at Access Group are always there to help and assist you.

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