College Loans for Golf School
Federal Subsidized Stafford Loan
Subsidized Stafford Loans are available to any student who can demonstrate need and who is not in default on a previously received student loan. First-year students are eligible for a maximum of $3,500 and second-year students are eligible for up to $4,500. If a student qualifies for a "subsidized" loan, the government pays the interest on the loan during deferment and grace periods. Repayment begins with a fixed interest rate following a six-month grace period after graduation or leaving Golf Academy of America.
Federal Unsubsidized Stafford Loan
Unsubsidized Stafford Loans are not based on financial need. Independent students are eligible to apply for an additional $6,000 unsubsidized loan per academic year. If a student qualifies for an "unsubsidized" loan, interest is charged from the time the loan is disbursed until it is paid in full. The student will have the option of paying interest while in school or having it capitalized. Repayment begins with a fixed interest rate following a six-month grace period after graduation or leaving Golf Academy of America. Annual year loan limits include the total of both subsidized and unsubsidized combined.
Federal PLUS Loan
The PLUS Loan Program is available for the parents of dependent students and is not need based. The parent may borrow the total cost of education minus any other financial aid received. Repayment of principal and interest at a fixed interest rate begins within 60 days after the loan is fully disbursed. Approval is based on credit worthiness.
If you have any questions about golf college financial aid, please call Golf Academy of America today.