Student Accounts

1. A loan borrowed by the parent at a fixed 7.54% interest rate and 4.228% origination fee
   (new rates available July 1st )
2. A parent who is accepted may request the maximum amount needed
3. A parent denied – the student may borrow an additional $4,000 in their unsubsidized loan
   amount
4. Application found at https://studentaid.gov/plus-app/parent/landing
   •  2023-2024 application available after May 1st

• A loan borrowed in the student’s name with a credit worthy co-signer
• Interest rates and origination fees are determined by the lender
• A list of lenders may be found at ELMSelect

• An interest free annual payment plan; $65 enrollment fee required
• Amount is calculated on the amount owed for the year divided by equal payments
• 10 month equal payments begin May 1; You may register as late as August, but will
  only be eligible for 8 payments.
• Payment plans for each semester are also available.

Presbyterian College works with various college pre-pay accounts and are handled through the Business Office.

• Presbyterian College certifies VA Benefits through the Registrar.
• The student must initiate the process by sending their certification form to the Registrar who will complete certifications after the drop/add dates.