New Low Interest Rates on Student Loans

• Stafford In-School: 6.80%
• PLUS: 8.50%
• Rates effective for all new loans on or after 7/1/2006.
  

Money for Learning, Made Easy.
ASAP/Union Bank & Trust has been a student lender for over 30 years.  We strive to provide outstanding personal service to students, parents, and Financial Aid Professionals.ASAP/Union Bank & Trust, in partnership with College Savings Plan of Nebraska and Newspapers in Education are pleased to offer the Money To Learn Scholarship.
Click here for an application.

ASAP/Union Bank & Trust offers:

• Life-of-Loan Servicing - Your student loans will be serviced by one organization from origination through repayment.
  
  
• FREE Software - Notes on Credit, Notes on Student Loans, and Notes on Investments.
  
  
• World Wide Web Services - Visit www.asapubt.com.
  
  
• Repayment - A tremendous selection of options are also offered to the borrower (including consolidation).
  
  
• KwikPay - An electronic payment on your student loan from the account you designate.

For more information on student loans call toll-free, 1-877-ASAP UBT (272-7828), in Nebraska call 1-800-755-7858, or visit our student loan web site, www.asapubt.com.

Assistance from FFELP
Many of America's students find they need assistance from the Federal Family Education Loan Program (FFELP).  Included in the FFELP program are three types of loans:

1. Federal Stafford Loan. This loan is subsidized by the federal government.  If you qualify, the government will make interest payments while you're attending school at least half-time or whenever you are in a qualified deferment period.  Federal Stafford Loans are need-based.  Once you complete the necessary forms at your financial aid office, your financial aid officer will tell you the amount of aid for which you qualify.
   
   
2. Unsubsidized Federal Stafford Loan. The unsubsidized version of the Federal Stafford Loan means that the government will not make your interest payments.  You must either make interest payments during your in-school period, or have interest capitalized (added to principal loan balance) which would increase the amount you would repay. Fortunately, Federal Stafford Loans are designed to assist students by providing low interest rates.  They also furnish deferment and forbearance assistance to help a student get through college, graduate school, and begin a career.  Careful planning will be your key to a healthy financial future.
   
   
3. Parent Loan for Undergraduate Students (PLUS). Parents or legal guardians of undergraduates may take out a Federal PLUS Loan. Parents are responsible for repayment and must pass a credit check to be eligible. Parents may borrow the full cost of education minus other forms of student financial aid you receive.

For more information on student loans call toll-free, 1-877 ASAP UBT (272-7828), in Nebraska call 1-800-755-7858, or visit our student loan web site, www.asapubt.com. Federal Stafford Loan Limits SFSL = Subsidized Federal Stafford Loan amount approved by the school.

Borrower's Academic Level	Subsidized Federal Stafford Loans	Unsubsidized Federal Stafford Loans	Unsubsidized Federal Stafford Loans
Full Academic Year		Dependent Undergraduate	Independent
Freshman & First Year Vocational	$2625	$2625 minus SFSL*	$2625 minus SFSL* plus $4000
Sophomore & Second Year Vocational	$3500	$3500 minus SFSL*	$3500 minus SFSL* plus $4000
Junior, Senior & Eligible Vocational Programs	$5500	$5500 minus SFSL*	$5500 minus SFSL* plus $5000
Each Year of Graduate or Professional	$8500		$8500 minus SFSL* plus $10,000