Other Aid Programs
ROTC Scholarships
You may compete to win a scholarship that pays your tuition, gives you $600/year for books and pays you a monthly stipend ranging from $250 - 450, depending on your class rank. Southeastern's ROTC program is cross-enrolled with Florida Southern College. For further information, contact the ROTC department at (863) 680-4235 (be sure to let them know that you plan to attend Southeastern University).
Key Alternative Loan
The Key Alternative Loan was created by Key Education Resources to help students manage the cost of a four-year college education.
The loan is made in the student's name, usually with a co-signer. No payments are required while the student attends college full-time and during the six-month grace period; interest capitalizes annually during this time. Financial aid applications are not required. A student may borrow up to the cost of attendance for undergraduate years one through five. The minimum loan amount is $500 and the aggregate limit is $100,000.
For more information or an application go to www.key.com/educate or call 1 (800) KEY-LEND.
Wachovia Education Loan
The zero-fee Wachovia Education Loan is a private loan designed for education costs that are not covered by scholarships, grants and federal loan programs. Undergraduates, graduate students, and international students can use this flexible loan to cover up to 100% of their total cost of attendance, less other aid received. The loan features a competitive interest rate as low as the prime interest rate minus 1% for qualified borrowers who use auto-debit payments. No payments are required during at least half-time enrollment. Interest capitalizes just once prior to repayment, and flexible repayment options are available. For general loan information, or to apply online, go to www.wachovia.com/wel. Applications can be processed with or without a cosigner. (Source: Wachovia.com)
Chase Select Loan
The Chase Select loan is a zero-fee, school-certified private education loan program with rates ranging from Prime - 1.0% to Prime + 6.0%. It is not necessary to have cosigner, however having a cosigner will automatically reduce your rate by 0.50%. You can apply at chaseselectloans.com or call toll free 1 (866) 306-0868. Here are addtional features about the loan:
- 0.25% interest rate reduction for automatically debited payments
- Can be used to cover past due balances
- Online pre-approval and application, including e-signature
- Loans are originated and serviced internally by Chase
- All Chase-serviced loans, including private loans, are combined into a single
bill
- Choice of repayment options: a) both principal and interest deferred b)
interest only c) immediate
- Cosigner release option after 36 months of on-time payments
Wells Fargo Collegiate Loan
The Wells Fargo Collegiate Loan is a source of private loan financing when students have exhausted federal loan eligibility or don’t qualify. A key feature of the private alternative loan is competitive pricing. There are no up-front fees. That means 0% origination and disbursement fees, so students get more money up front, when they need it most. Additionally, the loan is designed for undergraduate and graduate students attending full-time, part-time, and less-than-half-time.
Students also will save money in the long run through affordable interest rates, 0% repayment fees, no pre-payment penalty, and these repayment benefits that apply to all of Wells Fargo's private loan products: On Time Payment Savings - Borrowers can reduce their interest rate by 0.50% after their first 48 consecutive monthly payments are received on time; Direct Payment Savings - Borrowers receive a 0.50% interest rate reduction on private loans when Wells Fargo automatically withdraws their payments from a Wells Fargo checking or savings account (0.25% from a non-Wells Fargo checking or savings account); Cosigner Release Option - The cosigner release option is available after making your first 24 consecutive on-time monthly principal and interest payments and meeting Wells Fargo's minimum credit guidelines at the time of the request; Payments Not Required While in School - Repayment begins six months after graduating or leaving school. For additional information call 1 (800) 658-3567 or visit www.wellsfargo.com; click on “Student Loans” and search for “Collegiate.” (Source: Wellsfargo.com)
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