CSB Acquires Student Lender
ID from US Dept. of Edu.
A Holistic Approach to College Financing
- CSB To Add Student Loans in Jan. 2008
In January 2008, College Savings Bank, one of the nation’s premier saving for college institutions, will begin offering federal student loans, including Stafford,
PLUS, GradPLUS and Consolidation through the Federal Family Education Loan Program (FFELP). The Bank will also offer a holistic approach to college financing. College Savings Bank, a name synonymous with safe, responsible saving for college products and services will evolve to a complete college funding provider that offers consumers a single financing solution for securing their investment in higher education.
Today, the average cost of one year at a private institution, including tuition, fees, room and board is $35,272. In ten years, that cost could be as much as $63,000. While saving is critical to funding a future college education, the rising cost of college may have made it unrealistic to expect parents to fund the entire cost through a college savings account. In addition to savings and loan products, families need more guidance and support when it comes to college financing; that’s why College Savings Bank will offer its consumers education investment plans featuring a range of products and services, delivered as a holistic solution.
The benefits of federal loans include: fixed-rate, low interest loans, low monthly payments, favorable repayment terms, and additional repayment benefits.
College Savings Bank will begin offering student loans in January 2008. For more information, please call a College Savings Adviser at 1-800-888-2723 or stay tuned to our Web site, www.collegesavings.com. College Savings Bank customers will receive a letter later in the year with more details and the specific launch date.