School Banner

Welcome to the PLUS loans page for Louisburg College.

Please read and follow instructions carefully.

The following lenders are preferred lenders for Louisburg College. 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 lender name to proceed to the next step.

KeyBank 811025
  • Zero Default Fee
  • .25% interest rate reduction for direct debit payments from any checking or savings account
  • Interest is only capitalized once at the time of repayment
  • Easy online application with e-Signature feature
Nelnet 833669

0.25% interest rate reduction for borrowers who make payments using our auto-debit process.
SunTrust 819873

Effective for loans disbursed on or after June 9, 2008:

  • 0.25% interest rate reduction for borrowers who sign up for ACH
  • Easy online application process and e-signature option
  • Fixed Interest Rate - 8.25%
  • Option to defer payments while in-school
  • 24/7 Online account access
  • No pre-payment penalties
  • Flexible repayment options
Wachovia 830005

Effective for all loans disbursed on or after July, 1 2008:

  • 0.25% interest rate reduction for ACH
  • Instant credit decisions and credit review when applicable
  • No pre-payment penalties 
  • Parents can postpone repayment until six months after student leaves school 
    (student must be enrolled at least half time)

 

College Foundation, Inc. 807037
  • 3% credit of the amount borrowed (in the year following loan disbursement)
  • No Federal default fee
  • 0.75% interest rate reduction for on-time payments as soon as your repayment period starts*
  • 1.25% interest rate reduction for payment by automatic debit and selection of electronic statements

Benefits on loans, once received by a borrower, remain in effect for the life of those loans as long as the borrower continues to meet the associated eligibility requirements. Check CFNC.org for more details on borrower benefits.

*The on-time benefit starts immediately at repayment and allows you a full year to get on track.

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.