RANCHO CORDOVA, Calif. - Wachovia Education Finance today announced several enhancements to its Wachovia Education LoanSM product which include zero fees and rates as low as prime minus one percent.
Available to undergraduate, graduate, professional and international students, the Wachovia Education LoanSM is designed to be easy to obtain and repay. It features an online application with instant pre-approval, so students will know in minutes whether they qualify on their own or need a co-applicant. Payments are not required while the student is in school, and post-graduation repayment options feature affordable monthly payments and the ability to defer principal and interest payments during periods of financial hardship.
As with all Wachovia education loans, experienced loan professionals are available to help students consider all of their funding options before choosing a private loan.
"Wachovia provides a full suite of school-certified education loan products and personalized counseling to ensure students exhaust grants and federal loan options before pursuing private loans," said Bonnie Wallace, vice president of Wachovia Education Finance. "If a private loan is needed, Wachovia's Education LoanSM is very attractive and flexible enough to meet any funding challenge."
Thousands of schools across the country trust Wachovia to deliver affordable products and outstanding service to their students under the Federal Family Education Loan Program. Now Wachovia is delivering the same service and benefits through its alternative Wachovia Education Loan. To learn more, please visit wachovia.com/education.
About Wachovia Education Finance
Wachovia Education Finance, the education loan division of Wachovia Corporation, is the sixth largest provider and fourth largest holder of student loans in the United States. Wachovia Education Finance does business with more than 4,000 schools in all 50 states and several U.S. territories. Education loan products and financial aid services are available online at wachovia.com/education.
About Wachovia Corporation
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. Wachovia has retail and commercial banking operations in 21 states with 3,375 retail banking offices from Connecticut to Florida and west to Texas and California. In addition, two core businesses operate under the Wachovia Securities brand name: retail brokerage with 750 offices in 47 states and service affiliate offices in Latin America, and corporate and investment banking in selected industries nationwide. Other nationwide businesses include mortgage lending in all 50 states and auto finance covering 46 states. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. At December 31, 2006, Wachovia had assets of $707 billion and market capitalization of $108 billion.
Posted 03/14/07 to www.NASFAA.org. Posting of information in Constituent News is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
