Liberty Corner, NJ -- August 19, 2009 -- Student Funding Group, LLC (StuFund) now features two private student loan products in its suite of student loans to help students finance their education beyond scholarships, grants and federal student loans. Both school-certified loans are designed for students looking to finance their college education.
The Sallie Mae Smart Option Student Loansm by StuFund helps students save money, build their credit, and pay off their student loan debt faster. Designed to help shorten the amount of time it takes to pay off the loan, the Smart Option Student Loan requires interest-only payments made while in school and during the six-month separation period to avoid capitalized interest. Students save money on interest, significantly reducing the total loan cost.
"Our loans are made to fit the needs of the student after they have exhausted scholarship, grant and federal loan monies," stated Sergio Sotolongo, Chairman and CEO of StuFund. "StuFund is pleased to be able to provide private loan products at a time when students are looking for this funding."
The StuFund Solutions Loan has zero fees and offers competitive rates. Payments are deferred until after graduation, however interest will accrue while the student is in school. This makes for a larger loan, and larger payments due, at the time of repayment.
In addition to the Sallie Mae Smart Option by StuFund and the StuFund Solutions school-certified private loans, StuFund currently offers Federal Stafford and PLUS loans.
About StuFund
StuFund is a minority business enterprise in the educational loan space. It is built on the philosophy that each and every student can and should have access to funding for quality higher education. The company's mission is to provide loans, particularly for students who could not afford college without such financing, and to support and guide families through the financial aid process. In addition to offering educational loans for undergraduate and graduate schools and college loan consolidation, StuFund's Knowledge Center provides expert advisement on college admissions and financial aid. It hopes to address the fact that many students do not have sufficient access to college advisement in their schools. Through partnerships with Universities, Corporations, and Non Profit Organizations, StuFund hopes to educate the public about the college application process and financing options. More information is available at www.stufund.com
Posted 08/20/09 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
