Stafford Subsidized/Unsubsidized Loans

Stafford Master Promissory Note (MPN)

If you choose to accept the Stafford Loan in your financial aid package, you must complete the Federal Stafford Loan Promissory Note (MPN). If you remain with the same lender for the duration of your enrollment at Community Christian College, you only need complete the MPN the first year.

To complete the Stafford Loan request form…

Click the link below, print the form, complete and sign it, and submit it to the Community Christian College financial aid office.
Stafford Loan Request Form

To complete Entrance Counseling...

Click the link below.
(Note: clicking on a lender link below will open a new browser in the OpenNet system. If this is your first time logging on to OpenNet, you will be required to create a user ID and password.)

**Remember, the loan entrance MUST be completed BEFORE your loan can be processed. The Financial Aid Office will receive reports listing students who have completed their Loan Entrance requirement.

To complete the MPN electronically, please choose a lender from the list below.

(Note: clicking on a lender link below will open a new browser in the OpenNet system. If this is your first time logging on to OpenNet you will be required to create a user ID and password.)

If you do not wish to utilize a lender below you may contact your lender directly or download a copy of the MPN and mail it to the Office of Financial Aid. If you choose to print and mail the MPN please indicate clearly your choice of lender by including the appropriate lender code.

Preferred Lender

Code

Terms/ Incentives

Edamerica (800) 337-1009
Interest Rates (2008-2009)

Stafford Subsidized- 6.0%
Stafford Unsubsidized-6.8%
Parent PLUS-8.5%

Stafford Sub/Unsub Loans

0% origination fee-Stafford
0%-1% default fee based on guarantor
.25% interest rate reduction for auto-debit

Parent PLUS Loans

0%-1% default fee based on guarantor
.25% interest rate reduction for auto-debit with continuous on-time payments

General Incentives

Life of loan servicing through Edfinancial Services
Quality customer service
Repayment Counseling

Citbank (800) 967-2400
Interest Rates (2008-2009)

Stafford Subsidized- 6.0%
Stafford Unsubsidized-6.8%
Parent PLUS-8.5%

1.5% origination fee on Sub/Unsub loans; 3% origination fee on Parent PLUS loans
1% default fee
.50% automatic interest rate reduction at repayment
Unlimited benefit recovery: the .50% interest reduction rate is reinstated when a delinquent borrower makes 24 consecutive OTP
.25% interest rate reduction for auto-debit receiving only electronic statements
.50% automatic interest rate reduction when you enter repayment
Default fees ranging from 0% - 1% depending on the guarantor
Life of loan serviced through Citibank

Sallie Mae
Interest Rates (2008-2009)

Stafford Subsidized- 6.0%
Stafford Unsubsidized-6.8%
Parent PLUS-8.5%

802218

0% Origination Fee
0% Default Fee
Life of loan serviced through Sallie Mae

To complete Exit Counseling...

All students who have received a Stafford Loan must complete Exit Counseling. This should be done if a student withdraws, graduates, or falls below half-time enrollment..

Click the link below.