What are my financing options?
Among the most commonly used financing options by Goucher families are: Federal Parent Loan for Undergraduate Students (PLUS): Parents of dependent students enrolled at least half time are eligible for Federal PLUS Loans. Parents may borrow the full cost of education minus all other financial aid. This loan may be used to cover your expected family contribution (EFC). The fixed interest rate is adjusted July 1, but will not exceed 9%. The borrower is responsible for the interest from 10 days after the date of disbursement. Repayment begins within 60 days of the last disbursement unless deferred. PLUS borrowers are eligible for deferments based on dependent student’s enrollment. In order to be considered for a PLUS loan, a student must file a FAFSA, if the family is not seeking need-based assistance. Private Loans: Private loan costs vary widely between programs. All private lenders will review the borrower’s credit history and some will require a loan co-signer. Private educational loa
Loan: Our loan providers consist of the largest financing companies on the web. If approved the financing institution will mail you a draft check that you can use to pay for your new car purchase. If you prefer, you can also arrange for a loan through your local bank or credit union or use our service to compare rates. Lease: If you would like to lease your vehicle, Automotive.com will work with one of our dealer associates to identify your best leasing options. After you best option has been identified, you can lease your vehicle from our dealer associate. Cash: Paying cash for you new vehicle may save you money by eliminating interest, lease expenses and more negotiating power.
