As families plan the details of financing a college education, options such as loans and payment plans often become part of the payment strategy.
Elizabethtown offers a manageable tuition payment plan which is an excellent flexible financing option.
A loan, like a grant or scholarship, is considered a form of financial aid and is offered to a student as part of his or her financial aid package. Many students, past and present, have chosen to invest in themselves through student loans and are benefiting from this investment today! For example, the U.S. Census Bureau statistics indicate that a college graduate will earn over $600,000 more in their lifetime than a high school graduate. Bear in mind, an Elizabethtown College degree has a lasting impact on our students' earning potential.
New Direct Loan Interest Rates for 2013-14
Congress has passed and President Obama has signed the Bipartisan Student Loan Certainty Act of 2013. The new law amends the Direct Loan interest rate and provides new formulas for the determination of interest rates for Direct Stafford Subsidized Loans, Direct Stafford Unsubsidized Loans, and Direct PLUS Loans.
The assigned interest rate for Federal Direct Loans disbursed between July 1st 2013 and June 30th 2014 are as follows:
Direct Stafford Subsidized Loans for Undergraduate Level Students – 3.86%
Direct Stafford Unsubsidized Loans for Undergraduate Level Students – 3.86%
Direct Stafford Unsubsidized Loans for Graduate Level Students – 5.41%
Direct Parent PLUS and Direct GRAD PLUS Loans – 6.41%