Financing Education through AFS (Academic Financial Services) Education Loan


What is AFS?

AFS or Academic Financial Services is company or financial institution that provides student loans. This company was established primarily to help the students to manage and finance their education. It is located in Florida. It provides both Federal Loan as well as Private Student Loan to the willing students.

What are the different Federal Loans offered by AFS?

The different kinds of federal loan provided by AFS are Stafford Loan, Parent plus Loan and Graduate plus Loan. The loan is meant for both graduate as well as undergraduate students and the loan covers all the basic expenses of the students’ education.

What is the Federal Stafford loan?

The Federal Stafford Loan is the most popular federal loan that students go for. The loan is either subsidized or unsubsidized. The maximum loan that can be taken is $7,500 for undergraduates and $12,500 for the graduates annually. The loan is made available to the students directly

What is the Graduate Plus loan?

The Federal Graduate plus Loan is a low interest loan which is meant for all kinds of students enrolled either full time or part time. There is no loan limit and the maximum amount that you can take is the cost of education.

What is the Parent Plus loan?

The Federal Parent plus Loan is made available to the parents of the student who want to go for higher studies. This loan requires good credit scores and the loan requires the parent to be working in a reputable organization for the past six months with regular monthly salary.

What is the Private Student Loan offered by AFS?

Apart from the federal loan, AFS also provide Private Student Loan. This loan is made available at slightly higher interest rate as compared to that of federal loan but covers your entire educational expenses. The maximum amount of loan that you can take is the cost of the total attendance minus the financial aid received

How to apply for the loan?

Applying for the student loan from AFS is not at all difficult. In order to apply for the federal loan, you will have to fill the FAFSA or Free Application for Federal Student Aid. Or if you are willing to go for the Private Student loan, then you will have to fill the required from by going at its website.

What are the eligibility criteria to avail student loan from AFS?

In order to avail the loan, the students would have to fulfill certain eligibility criteria like:

Financial Institutions