The Alabama College Loan Program
Alabama College Loan Program benefits have changed for all loans guaranteed but not yet disbursed. Our benefits are:
- Stafford Loans
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(for loans disbursed on or after August 29, 2008)
- 1% origination fee
- 1% federal default fee
- 0.25% interest rate reduction for auto debit
- Graduate PLUS Loans
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(for loans disbursed on or after August 29, 2008)
- 3% origination fee
- 1% federal default fee
- 0.25% interest rate reduction for auto debit
- Parent PLUS Loans
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(for loans disbursed on or after August 29, 2008)
- 3% origination fee
- 1% federal default fee
- 0.25% interest rate reduction for auto debit