Student Loans

The Equitable Savings and Loan Company makes subsidized and unsubsidized Federal Stafford Loans to students who qualify for a loan guarantee under the provisions of the Great Lakes Higher Education Corporation. All loans must have this guarantee prior to disbursement of any funds.

The application shall be in writing on the Free Application for Federal Student Aid (FAFSA). The application shall not be deemed to be completed until signed by the applicant and supported by the typical documents necessary for loan committee action. A written credit report may be required for any loan applicant. The applicant's history in the use of credit and the manner in which credit obligations were paid will be considered. Any recent reports indicating slow pay, collections, repossessions, creditor lawsuits, defaults, or foreclosures will be considered grounds for denial unless it can be established that circumstances were temporary and beyond control. If the applicant has been bankrupt, a satisfactory explanation of the conditions that caused the bankruptcy and any action taken to correct the debt must be explained.

The loan rate, terms, and the amount of the loan will be within the guidelines as set by the Great Lakes Higher Education Corporation. Additional information about the student loans that we offer and other types of loans available can be found at www.ghhec.org.

For more information or to apply for a loan, please contact us!

 

 

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114 South Main Street P.O. Box 267 Cadiz, Ohio 43907-0267

Phone: 740-942-2092 Toll-free: 800-481-4713 Fax: 740-942-4220