Stafford Loans

Welcome to the Stafford Loans page for Barton College.

Please read and follow instructions carefully. The following lenders are suggested lenders for Barton College. Student borrowers should carefully compare borrower benefits offered by each lender before making a selection. Choose your lender based on the benefits that are best fit for you, even if you do not have an existing relationship with that lender.

When you have decided on a lender, click on the Apply Now button to proceed to the next step.

Bank of America
824421

0.25% Interest Rate Reduction for Bank of America Checking or Savings AccountCustomers*

  • The rate reduction applies for the life of the loan. Once you earn the reduction, it’s yours!
  • For your convenience, Bank of America verifies that you have a checking or savings account.  You do not need to provide documentation.
  • ACH is not required to obtain this benefit!

*If the first disbursement on your loan is before 6/30/09, a 0.25% interest rate reduction applies if you have a Bank of America checking or savings account open for at least 60 days between your loan disbursement and your first scheduled payment.  Your rate will be reduced shortly after you make your first scheduled payment on time.  To see our checking and savings accounts, visit https://www.bankofamerica.com/index.isp and click “Checking” or “Savings & CDs”.

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Chase
803000

Effective for loans with a guarantee date on or after June 1, 2008:

  • 1% Origination Fee
  • 0.25% interest rate reduction for borrowers in repayment who have enrolled in and make payments through an auto-debit/ACH repayment program.
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College Foundation, Inc.
807037
  • No origination fee
  • Waiver of 1% Federal default fee
  • Immediate 1% reduction of your interest rate for on-time payments once repayment begins*
  • 1.5% interest rate reduction for making payments by automatic draft and selecting electronic payments**

The on-time benefit starts immediately at repayment and allows you a full year to get on track. The automatic on-time benefit will be cancelled retroactively for any Stafford or PLUS Loan borrower who reaches 210 days past due during the first year of repayment without making a payment or taking any other preventative action to avoid default. A PLUS Loan borrower who reaches 210 days past due at any time during repayment will also be held responsible for repayment of any credits previously applied under the North Carolina Advantage.

The automatic draft and electronic statement benefit for a Stafford or PLUS Loan borrower will be cancelled in the event a total of three automatic drafts are rejected for insufficient funds.

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Sallie Mae
802218

Effective for loans guaranteed on or after June 9, 2008

  • 0.25% Interest Rate Reduction for automatic debit
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Wachovia
830005		 Effective for all loans disbursed on or after July, 1 2008:
  • 0.25% interest rate reduction for ACH 
  • No pre-payment penalties
  • Flexible repayment options 
  • Free “Money Smart” financial literacy program on line 
  • Free Checking, Savings, ATM cards
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The information in this list has been provided by each lender and is subject to change at any time.
Accordingly, neither ECMC nor the school can verify the accuracy of the information or how current it may be.