College Loan Place

	Need Money For School? Get a loan to cover your housing, tuition, books & more Borrow up to $40,000 each year (or as little as $2,000) Get your money in as little as 7 days*
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When you need help with college expenses... EraseStudentDebt.com Loan offers a Private Education Loan Program that provides up to $40,000 per academic year to cover any of your education related expenses. We make getting your money fast and easy and make no payments until after graduation! No payments until after graduation² Get the money you need now ... and choose a repayment term that doesn't begin until after graduation. Apply today to take advantage of our competitive interest rates. Remember, you can use the EraseStudentDebt.com Loan for any qualified education-related expenses including: tuition living expenses books computer equipment even past-due tuition bills It's up to you! But don't wait to apply, take care of your college expenses now! Apply now! There are no complicated forms or lengthy interviews. Best of all, this is a credit-based loan so your request won't be denied for making too much money or having other financial aid. Simply apply online Consult your tax advisor regarding the deductibility of interest. May not apply to Continuing Education students. EraseStudentDebt.com Loan makes getting your student loan fast and easy. When it comes to your educational funding needs, you can't afford to wait. EraseStudentDebt.com Loan has streamlined the loan process - so you can get the money you need quickly. Eligibility You must be an undergraduate/graduate student 18 years of age or older. Undergraduate students must be enrolled at least half-time in a degree or certificate program at a EraseStudentDebt.com Loan approved school. (For students attending less than half-time, please see the FAQs. Graduate students must be enrolled at least half-time in a graduate or professional program at a EraseStudentDebt.com Loan approved school . (For students attending less than half-time, please see FAQ’s. At least one applicant1 must be creditworthy and must be a U.S. citizen or Permanent Resident. Note: An approved school is any accredited degree-granting institution of higher education approved by EraseStudentDebt.com Loan. Deferment³ Defer payments until after you graduate! Deferment options differ depending upon the student's status. For undergraduate students: Defer Principal and Interest Make no payments for up to four years while continuously enrolled in school (5 years if enrolled in 5-year degree program). Repayment of principal and interest then begins within 180 days after graduation or withdrawal from school. Immediate Interest Only (Defer Principal) Pay only interest for up to 4 years while continuously enrolled in school (5 years if enrolled in 5-year degree program). Repayment of school principal and interest then begins plus approximately 45 days after graduation or withdrawal from school. Immediate Repayment of Principal and Interest Pay principal and interest beginning within approximately 45 days after funds are disbursed For graduate students: Defer Principal and Interest Up to 4 1/2 years (8 1/2 years in the case of medical students) including grace period while continuously enrolled in school. Medical Students Request a deferment after graduation for up to four years while completing an internship or residency, as long as the total deferment does not exceed the program maximum of 8 1/2 years including grace period. For continuing education students: Principal and interest are automatically deferred. Repayment begins the earlier of the dates which are (i) 6 months after the student graduates or earns a certificate, (ii) 6 months after the student ceases to be enrolled in the school, or (iii) 2 years after the date of the last loan disbursement. If the student is not enrolled in a degree or certificate program, repayment begins either (i) 6 months after the end of the academic period to which the loan relates or (ii) 6 months after the student ceases to be enrolled at the school, whichever is earlier. Loan Process Here's how the loan process works: To request your loan, apply online or call the number above, toll-free. Once your application is submitted, you can be conditionally approved in as little as 60 seconds!³ Download your loan documents online or we can mail them to you. Complete, sign and return (by fax or mail) your pre-filled loan documents and the required verification documentation materials. Once these documents are received, your application will be processed as quickly as possible... we can mail your funds to you in as little as two days if you qualify. Loan Servicing EraseStudentDebt.com prides ourselves on providing accessible and personalized service together with convenient telephone access to your account information. Shortly after your loan is processed and funded, we will contact you with your repayment information. If you have any questions about your new loan, please contact one of our customer service representatives at info@datachamps.com or call the number above, toll-free Monday through Friday, 8AM to 5PM (EST). You may need a co-signer since this is a credit-based loan. Interest continues to accrue during deferment and will be added to the principal balance of your loan quarterly. Subject to verification of application information. REPAYMENT EXAMPLES EraseStudentDebt.com Loan knows that repayment terms need to be flexible depending upon the student and the situation. With three different repayment options for undergraduate students, EraseStudentDebt.com Loan has ensured that repayment of the undergraduate loan will be easy for all borrowers. Undergraduate Option 1 Deferred Principal and Interest Repayment Make no payments for up to four years while continuously enrolled in school (5 years if enrolled in 5-year degree program). Repayment of principal and interest then begins within 180 days after graduation or withdrawal from school. Undergraduate Option 2 Immediate Interest Only Repayment Pay only interest for up to four years while continuously enrolled in school (5 years if enrolled in 5-year degree program). Repayment of principal and interest then begins within 45 days after graduation or withdrawal from school. Undergraduate Option 3 Immediate Repayment of Principal and Interest Pay principal and interest in a fixed monthly amount beginning within approximately 45 days after funds are disbursed. Undergraduate Loan Repayment Examples The interest rates used in these examples are based on a three month average of the one month LIBOR (London Interbank Offered Rate). The most recent quarterly average is 5.45%. This is the average of the one month LIBOR from the first business day for July, August and September of 2007. The interest rate and payments are variable and adjusted quarterly. The margins and the origination fees vary depending upon loan type, repayment option, credit-history, and whether a co-signer is used. The margins can vary from 2.50% to 9.0%. The origination fees for this program can vary from 0.0% to 4.99% based on the borrower’s and co-signer’s (if applicable) creditworthiness. The margin and origination fee used in the example above are representative of loans expected to be made under the Program. The interest rate and APR will increase during the life of the loan if the LIBOR Index increases. These are examples of current program offerings and are subject to change. The interest rates used in these examples are based on a three month average of the one month LIBOR (London Interbank Offered Rate). The most recent quarterly average is 5.45%. This is the average of the one month LIBOR from the first business day for July, August and September of 2007. The interest rate and payments are variable and adjusted quarterly. The margins and the origination fees vary depending upon loan type, repayment option, credit-history, and whether a co-signer is used. The margins can vary from 2.50% to 9.0%. The origination fees for this program can vary from 0.0% to 4.99% based on the borrower’s and co-signer’s (if applicable) creditworthiness. The margin and origination fee used in the example above are representative of loans expected to be made under the Program. The interest rate and APR will increase during the life of the loan if the LIBOR Index increases. These are examples of current program offerings and are subject to change. What is a EraseStudentDebt.com Loan? EraseStudentDebt.com Loan is a credit-based loan that can be used for any qualified education related expense. EraseStudentDebt.com Loan may be just the solution you're looking for when it comes to financing college. Our competitive interest rates and convenient application process give you a fast, easy way to get the loans you need. As the loan is credit-based, you can not be turned down for making too much money or having other financial aid. As a leader in education financing, EraseStudentDebt.com Loan offers one of the most competitive private education loan programs in the country, designed with your needs in mind. What are the eligibility requirements? Here's what you need to be eligible for an Undergraduate / Graduate Private Education Loan: An undergraduate or graduate student 18 years of age or older (19 in Nebraska and Alabama, 21 in Mississippi and Puerto Rico) in a degree or certificate program Enrolled at least half-time as determined by your school Attending an EraseStudentDebt.com -approved school Meeting the guidelines below (a co-signer is typically necessary for undergraduate students to qualify, but is not required to apply): You and/or your co-signer, if any, are creditworthy You must be a U.S. citizen or permanent legal resident Note: An approved school is any accredited degree-granting institution of higher education approved by EraseStudentDebt.com Loan. Are there any fees or credit requirements to apply? Yes. Origination fees vary. For undergraduates Origination fees range from 0.00% to 4.99% depending on the repayment option selected and creditworthiness of the borrower and co-signer (if any). For graduates Origination fees range from 0.00% to 4.99% depending on the creditworthiness of the borrower and co-signer (if any). How much can I borrow? The annual maximum borrowing limit is the lesser of $40,000 or the estimated annual cost of education. What educational expenses does the loan cover? EraseStudentDebt.com is an ideal way to supplement Federal loans by shopping a number of lenders with a free quote. It provides the loans you need for college or graduate school and any education-related expenses, including tuition, books, housing and more. The loans can even be applied toward a new personal computer for school use. The loan may also be used to cover past-due balances. When does repayment begin? Repayment varies depending on the loan type and whether you're an undergraduate, graduate, or continuing education student. For undergraduate students: For immediate repayment loans, payment of principal and interest begins approximately 45 days after the last disbursement For loans with deferred principal and interest, repayment of principal and interest begins 6 months after graduation (or if student ceases to be enrolled at least half-time prior to graduation, repayment of principal and interest begins 6 months after that event) For loans with deferred principal payments, interest payments begin approximately 45 days after the loan's first disbursement and payments of principal and interest begin approximately 45 days after graduation (or if a student ceases to be enrolled at least half-time prior to graduation, repayment of principal and interest begins approximately 45 days after that event) $25 minimum monthly payment For graduate students: Repayment of principal and interest begins 6 months after graduation (or if the student ceases to be enrolled at least half-time prior to graduation, repayment of principal and interest begins 6 months after that event. $25 minimum monthly payment. Can I choose my payment due date or change it? Once the payment due date is established, the date cannot be changed. However, you have the option to make a payment at any time before the due date. Can I make more than the minimum loan payment each month? You may prepay all or any portion of you loan at any time without penalty. Prepayment can significantly reduce the total amount of interest paid over the life of the loan. Are there any fees or penalties associated with early repayment? No. You can repay your EraseStudentDebt.com Loan early without a penalty or fee. What are my deferment options?¹ Deferment options differ depending upon the student's status. For undergraduate students: Immediate Interest Only (Defer Principal) Pay only interest for up to 4 years while continuously enrolled in school (5 years if enrolled in 5-year degree program). Repayment of principal and interest then begins within, 45 days after graduation or withdrawal from school. Defer Principal and Interest Make no payment for up to four years while continuously enrolled in school (5 years if enrolled in 5-year degree program). plus 6 months after graduation. Repayment of principal and interest then begins within, 180 days after graduation or withdrawal from school. Pay principal and interest in a fixed monthly amount beginning within approximately 45 days after funds are disbursed. For graduate students: Defer Principal and Interest Up to 4 1/2 years (8 1/2 years in the case of medical students) including grace period while continuously enrolled in school. Medical Students Request a deferment after graduation for up to four years while completing an internship or residency, as long as the total deferment does not exceed the program maximum of 8 1/2 years including grace period. For continuing education students: Principal and interest are automatically deferred Repayment begins the earlier of the dates which are (i) 6 months after the student graduates or earns a certificate, (ii) 6 months after the student ceases to be enrolled at the school, or (iii) 2 years after the date of the last loan disbursement If the student is not enrolled in a degree or certificate program, repayment begins either (i) 6 months after the end of the academic period to which the loan relates or (ii) 6 months after the student ceases to be enrolled at the school, whichever is earlier. How can I apply? You can apply online for a EraseStudentDebt.com free quote. Interest continues to accrue during deferment and will be added to the principal balance of your loan quarterly. *Funding times may vary based on school certification. Home : About Us : Privacy Policy : User Agreement		Quick Response Get your money in as little as 7 days* Financial Relief Cover your expenses like housing, tuition, a computer, books and more. Personal Consultant Get a personal loan consultant for all your financial needs. You'll have their direct email and phone extension so you can call them anytime. You'll never have to re-explain your needs or specific situation and you'll never have to wait in the phone queue when you want to speak with them, Low Interest Rates Variable interest rate as low as prime +0% FAQ Do you have any questions about paying for college?