FAME Federal Student Loan Programs -

Facts for 2009-2010

FAME Federal Student Loan

• Borrower must be enrolled at least half-time.
• Lender code: 834105
• Interest Rates:
  • Subsidized Stafford Loans for undergraduate students are fixed at 5.6%;
  • Subsidized Stafford Loans for graduate students are fixed at 6.8%;
  • Unsubsidized Stafford Loans for all students are fixed at 6.8%.
• 1.5% federal default/origination fee.
• Repayment begins six months after student ceases enrollment on at least a half-time basis.

FAME Federal PLUS Loan

• Borrower must be a credit-worthy parent of a dependent student attending school at least half-time.
• Lender Code: 834105
• Interest rate is fixed at 8.5%.
• 4% federal default/orgination fee.
• Repayment begins within 60 days of full loan disbursement.
• Deferment is available upon request while the student and/or parent is enrolled at least half-time.  Interest does accrue during periods of enrollment.

FAME Federal Grad PLUS Loan

• Borrower must be a credit-worthy student enrolled at least half-time in a master's or professional degree program.
• Lender Code: 834105
• Interest rate is fixed at 8.5%.
• 4% federal default/orgination fee.
• Repayment begins within 60 days of full loan disbursement.
• Deferment is available upon request while the student is enrolled at least half-time.  Interest does accrue during periods of deferment.