Service Your Loans with a Reputable Banker
HSBC Student Loans
HSBC Bank USA manages the global accounts of over 3 million customers. This leading commercial and retail financial institution provides global investment, wealth management, personal financial management, and commercial services to a global clientele. With headquarters in New York City, HSBC has access to global markets.
Student Tools and Resources
HSBC student customers may begin by visiting the "College Planning Center." Through this online resource students have access to college financial planning tools such as student loan calculators, loan comparison charts and scholarship searches appropriate for both students and parents.
Student Loans Products
Apply for Federal Stafford Loans, subsidized or unsubsidized, through HSBC. Stafford loans are the first option for students, designed with the lowest interest rates possible. Students applying for subsidized Stafford Loans must prove a financial need, while unsubsidized Stafford loans are available regardless of need. Borrowers can also complete their loan promissory notes through HSBC.
HSBC features a number of attractive incentives and discounts for federal loan borrowers: a reduction in interest on federal loans for those who sign up for automatic checking account deductions, and a discounted principal for timely payments and the use of e-billing methods versus paper bills.
Parent PLUS loans and Graduate/Professional PLUS loans all come bundled with similar discounts, plus fixed interest rates. HSBC provides the most up-to-the-minute interest rates. Borrowers who have concerns about being approved for these credit-based loans may apply for a pre-approval.
Private or alternative loans with HSBC are credit-based, but offer student loan solutions for all types of degree levels:
- HSBC Undergraduate Loans are available to students enrolled at least half-time. They can be also be used for online degree programs and are available for foreign students as well. The Undergraduate Loan features low interest rates and an easy, fast application process.
- HSBC Graduate Loan allows graduate students low-interest rate loans and credit limits up to $20,000 for each school year.
- HSBC Health Professions Loan is available for undergraduate, graduate students within any of the health professions who is attending a school at least half-time. Borrow up to $45,000 per school year.
- HSBC Continuing Education Loan offers a low-interest student loan for students attending a technical or vocational program less than half-time without a degree requirement.
Consolidation and Deferment Products and Services
Having trouble managing repayment of multiple student loans? Are your payments consistently delinquent or are you risking defaulting on student loans? Take advantage of HSBC's student loan consolidations, federal or private. Deferments are available for:
- economic hardship - when you just don't make enough money
- education - returning to school at least half-time
- unemployment - for periods of unemployment
Choose your best repayment program: graduated, extended, income-based or standard repayment.
