When you are ready to finance an education, SACU can help! SACU offers several types of education loans under the Federal Family Education Loan Program (FFELP).
Once University of the Incarnate Word has awarded you financial aid, and you have accepted your award, apply here for your loan and choose SACU as your lender.
A loan designed for students which enables them to pay for educational expenses. Federal Stafford Loans are either Subsidized or Unsubsidized.
- Government pays interest due on Subsidized Stafford loans during in-school, grace and deferment periods
- Borrower Pays all interest due on Unsubsidized Stafford Loans
- Financial eligibility is determined by the school
- Student must be enrolled at least half-time
- Student must maintain satisfactory academic progress
- The loans feature a fixed interest rate
- A six month grace period is provided before repayment begins on the Stafford loans. This grace period begins after you graduate, leave school or drop below half-time status
A loan designed for parents to pay for educational expenses of each dependent, undergraduate student. Under the Federal Plus Loan, parents must be credit worthy.
- Repayment begins within 60 days after final loan disbursement
- Financial eligibility is determined by the school
- Dependent student must be enrolled at least half-time
- Dependent student must maintain satisfactory academic progress
- The loans feature a fixed interest rate
A loan that enables graduate and professional students who are credit worthy to borrow additional money to cover 100% of the remaining educational costs.
- Repayment begins within 60 days after final loan disbursement
- Financial eligibility is determined by the school
- Student must be enrolled at least half-time
- Student must maintain satisfactory academic progress
- The loans feature a fixed interest rate
