Key Bank Student Loans: Knowing Your Options
Nearly all of the major banks have divisions devoted to helping students finance their education. Key Bank is no exception. Key Bank has several different options to help you fund your college education. In addition to participating in federal loan programs, such as the Stafford loan, Key Bank has several private loan options, too. So, if you need help financing your college education, you’ve come to the right place.
Federal Key Bank Student Loans
By choosing Key Bank as your lender, you will receive all of the benefits associated with your federal loans and the security that comes with the name “Key Bank”. There are many federal loan packages, including the Federal Stafford Loan. The Federal Stafford Loan can be either subsidized or unsubsidized depending on who is responsible for paying the interest while you’re a student. Do your parents plan to help you financially? If so, there’s the federal Parent PLUS loan that’s designed just for them.
Again, there are several federal loan options available. Do a little research and find out which one best suits your personal needs.
Private Key Bank Student Loans
It’s a good idea to use whatever federal funds you qualify for first before turning to private loans. Because college is so expensive these days, federal funds may not cover all of your expenses. If that’s the case, there are private loans that can help you cover other expenses. Key Bank has a few private loan options, too, that you should consider.
Key Alternative Loans
The Key Alternative Loan is designed to close the gap often left by what expenses are not covered by your federal student loans. You can borrow anywhere from $500 to $125,000 with Key Alternative Loans. You have to be enrolled at least half time to apply. Funds are sent directly to your school, so you don’t ever have to worry about late payments. However, loans are subject to credit approval, so you do need to have a strong credit history to receive a Key Alternative Loan.
The Achiever Loan
If your parents plan to help you out financially, they may be interested in the Achiever Loan. The Achiever Loan is designed to help families/sponsors pay for their children’s education. And there’s good news; there are no application or processing fees. You can apply online and get a quick credit decision.
The Key Career Loan
The Key Career Loan is designed for undergraduate and graduate students who are attending approved institutions on at least a part-time basis, including weekend, evening or continuing education programs. You can even use this loan for computer software and hardware.