Guaranteed Student Loan

A Guaranteed loan is a loan that has government backup; if the student is unable to repay the loan the bank guarantees repayment. This loan provides financial assistance to students seeking to attend a college or university and a guarantee that the loan will be repaid in case the student becomes unable to repay. Repayment of the loan starts six months after the applicant has graduated.    

Eligibility
To be eligible for the Guaranteed Student Loan, a student must meet the following:

How Much Can I Receive?
The first year undergraduate students can borrow up to $2,625, second year they can borrow up to $3,500 and the third and fourth year up to $5,500, with a maximum of $23,000. Graduate students can borrow up to $8,500 per year.

How to Apply
For more information and application guidelines please visit: http://www.1stsource.com/personal_banking/products/youth_guaranteed_student_loans.cfm