California Student Loans.
California Bank and Trust's PLUS Loan Program has been exclusively designed for parents who procure loans on behalf of dependent students. The students have to meet certain parameters specified in the program to be eligible for this loan. The parents and students must be citizens of the United States, or eligible non-citizens who have valid Social Security numbers. They should not have a bad repayment record for any other education loan. The disbursement amount is generally sent directly to the school. The loan amount is initially used to pay for fees and other relevant expenses. The balance is given to the parents of the dependent students. The maximum repayment term of PLUS loans is generally ten years.
Stafford loans come with very simple and flexible repayment options to ensure regular repayments. Under the Standard repayment plan, borrowers make a fixed monthly payment throughout the term. An income-sensitive repayment plan enables borrowers to alter their installments annually on the basis of their income. Graduated repayment plans offer low installments initially. In spite of easy repayment options, some borrowers are unable to repay their student loans on time. Irregular repayment habits or non-repayment of loans affect a borrower's credit history.
California Loans provides detailed information on California Loans, California Home Loans, California Home Equity Loans, California Mortgage Loans and more. California Loans is affiliated with California Jumbo Mortgage Loans.
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