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Stafford Loan

With AMS as a Stafford lender at your school, here’s what your students will enjoy:

After seeking out grants and scholarships that don’t have to be paid back, consider a Federal Stafford Loan as a low-cost option to help pay for college. When you choose AMS as your Stafford Loan lender, you can:

  • Earn a 0.25 percentage point interest rate reduction for payments made via automatic debit*
  • Access 24 x 7 online account management at www.SallieMae.com/Repayment

Other benefits of Stafford Loans include:

  • No credit check
  • A six-month grace period after leaving school before payments are required
  • No prepayment penalty

For loans first disbursed July 1, 2008–June 30, 2009, the interest rate on Stafford Loans for graduate students and for Unsubsidized Stafford Loans for undergraduate students is fixed at 6.8%; the rate for Subsidized Stafford Loans for undergraduates is 6%. The borrower is charged a 1% origination fee and a 1% default fee, which are deducted from the loan amount prior to disbursement.

Annual loan amounts vary. More information about Stafford Loans …

Federal Stafford Terms and Conditions

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

*Subject to the above, borrower benefit is effective for Stafford Loans guaranteed 6/9/08–6/30/09. Assuming the loan is serviced by Sallie Mae, this benefit remains available during active repayment for as long as the borrower's monthly payment is successfully deducted from the borrower's account. If the loan is not serviced by Sallie Mae, other restrictions may apply as determined by the U.S. Department of Education.