Everything from finding the right online university to finding the right job!

Quick Degree Finder

Academic Finance Corporation

Academic Finance Corporation (AFC) Borrower Benefits

Academic Finance Corporation of Worcester, Massachusetts, offers a PLUS loan with an automatic interest rate reduction of 0.25% and an optional 1.75% interest rate reduction when payments are automatically debited from a bank account.

AFC is a not-for-profit education financing organization.

* Loan holder: Brazos Hi Ed Service Corp., Austin, TX
* Loan servicer: Brazos Hi Ed Service Corp., Austin TX
* Guarantor: NSLP of Lincoln, Nebraska
* Loan fee: 3%
* Guarantee fee: 0%
* In-school forbearance is NOT available but may use up to 24 months of discretionary forbearance while student is enrolled; interest accrues during a forbearance;
* Ability to e-sign on-line application using Federal PIN number
* Automatic borrower benefits: 0.25% interest rate reduction at repayment;
* Optional borrower benefits: 1.75% interest rate reduction with automatic payment from bank account; the monthly payments, however, would NOT be reduced, monthly payments are based on the current interest rate but the interest rate would be 1.75% less, this means that more of the payment would apply towards the principal thus reducing the length of the loan and decreasing the total interest paid.

Repeat borrowers, with a signed Master Promissory Note (MPN) on file, may call 1-877-232-4322 for a PLUS pre-approval credit check. Be sure to provide the amount you wish to borrow. Once you have been pre-approved we will be notified of your loan request. You do NOT need to complete another MPN.

New borrowers may apply over the phone at 1-877-232-4322. After being pre-approved you will be mailed a paper application and promissory note to complete and return. You may also apply and sign the MPN on-line.

Test Preparation Schools & Programs (by State) Letter & Writing Career & Training

Link to us | Home | Privacy Policy Copyright 2019 The EDUers.com. All Rights Reserved