Financing a college education may be challenging. We offer Home Equity Credit Line & Loans, in addition to other financing possibilities that help to put the focus on education and not the finances.
People's United Bank and the Connecticut Student Loan Foundation of Rocky Hill, Connecticut (CSLF),
are pleased to offer you the benefits of the Federal Family Education Loan Program (FFELP).
By choosing People's United Bank, your application will be sent directly to CSLF for quick and efficient processing (most decision are made within 24 hours). You are also eligible for automatic savings!
Available for dependent and independent undergraduate, graduate and professional students enrolled at least half time at an accredited school (colleges, universities and vocational). The government pays the loan interest while you’re in school. Repayment begins six months after you leave school or drop below half-time status.
Annual Limits:
- Year One - $2,625;Year Two - $3,500;Year 3 and up - $7,500
- Graduate and Professional - $8,500
Available for dependent and independent undergraduate, graduate and professional students enrolled at least half time. Students do not need to demonstrate need, however, the available loan amount is less any subsidized amount. Payments may be delayed but interest still accrues (see savings!).
Annual Limits:
- Dependent Student: Year One - $2,625;Year Two - $3,500;Year 3 and up - $7,500;Graduate and Professionals - $8,500
- Independent Student: Year One - $6,625;Year Two - $7,500;Year 3 and up - $10,500;Graduate and Professionals - $18,500
Interest rates for the subsidized and unsubsidized loans are based on a one year variable interest rate not to exceed 8.25%. Rates are re-assessed annually on July 1 (see savings!).
Parents may borrow full tuition less all other aid (including Stafford Loans) for each dependent student. Repayment begins 60 days from the loan disbursement. Interest rates are based on a one-year variable rate not to exceed 9% (see savings!).
“FIRST RATE” STAFFORD LOAN
- Pay no origination or Federal default fees.
- Receive a 4% reduction on the original principal balance of the loan after 33 timely payments made online or by automatic debit.
- Receive an immediate .25% interest rate reduction by making your payments through automatic debit.
“FIRST RATE” PLUS LOAN
- Receive an immediate 0.5% interest rate reduction by simply choosing a First Rate Loan.
- Receive an additional 0.5% interest rate reduction by making your payments through automatic debit.
Please Click “Call Me Now” or “Live Banker Now” to receive an application package. Or call 1-800-772-1090 or stop into any People's United Bank branch.
Go to cslf.com (and remember to choose People's United Bank as your lender!).
Equal Housing Lender
