Joe Kakaty
Chief Marketing Offi cer
College Loan Corporation
Does that E-Z credit Stafford and PLUS scenario look like a similar
scenario involving housing and mortgages?
Housing prices rocketed upward for years due to E-Z mortgage loans.
Then the bubble burst. Those mortgage loans could be characterized as
E-Z, because there was insuffi cient proof required of a borrower’s ability
to repay. There’s a very easy credit check for a PLUS loan and there’s no
underwriting or credit review required today to get a Stafford loan. And
what continues to happen to the cost of college?
Read his entire interview, and others on the topic of SAFRA,
at
TodaysCampus.com/articles/load.aspx?art=1826
8 GradPLUS Loans for Students
These PLUS Loans are for graduate students. Occasion-
ally a co-maker is required. They are federally insured and
regulated, and will usually fi nance the entire year’s cost of
attendance. Depending upon the college, a FAFSA appli-
Lowest possible Highest possible
Lowest possible
cation may or may not be required. Interest is not subsi-
interest rate (%) interest rate (%)
up-front fees
Highest possible
(%)
up-front fees (%)
dized, and repayment may or may not begin immediately.
Certain qualifi cations or behavior may be required to
qualify for discounts, rebates, rewards and special offers.
Rates and terms are subject to change without notice.
Access Group Graduate PLUS Loan 8.25 8.50 3.00 4.00
Affordable PLUS Loan
Charter One
for Graduate Students
8.25 8.50 3.00 4.00
Chase Graduate PLUS Loan 8.25 8.50 4.00 4.00
Chase Health Grad PLUS 8.25 8.50 4.00 4.00
Affordable PLUS Loan
Citizens Bank
for Graduate Students
8.25 8.50 3.00 4.00
Federal Grad PLUS Loan
Discover Student Loans
for Graduate Students
8.25 8.50 3.00 4.00
New Hampshire Higher
Graduate/Professional PLUS Loan 8.25 8.50 4.00 4.00
Ed Loan Corp
PNC Bank Corporation Graduate PLUS Loan 8.25 8.50 3.00 4.00
58 T
oday’s
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ampus subscribe at no charge at
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