Arizona Student Loans
Search for the Lowest Interest Rate
Only a few years ago the state of Arizona designated the Arizona Higher Education Loan Authority (AHELA) as the premier non-profit provider of federal student loans for the state of Arizona. As the designated non-profit AHELA has access to tax-exempt funding. . The results of the State/AHELA agreement are attractive and accessible low-interest, long-term federal student loans.
AHELA Federal Loans
Arizona students may check out AHELA’s fees and rates for federal student loans at www.ahela.org. What’s nice about a non-profit student loan agency is that students may finance their federal student loans such as the ubiquitous Stafford Loans and PLUS Loans right through the secondary market lender with attractive rates and options attached.
Students are required to apply first for all the federal loans for which they qualify. You can access FAFSA applications directly through the AHELA website; either apply online or download and print a hardcopy and mail it back in. AHELA also gives you all the information you need on choosing a repayment plan, such as graduated, extended, standard or income sensitive, and the attached interest rates.
AHELA Consolidation Loans
Despite the fact that a federal consolidation loan is a component of the FFELP, AHELA, like many other lenders, has suspended this loan until further notice.
Visit the AHELA website for the latest information on Arizona student loan programs, applications and resources.
Other Resources
AHELA also provides some nice information and advice on saving for college, building a blueprint for your financial aid needs, and they currently offer the Governor’s 9/11 Memorial Scholarship, which requires only a short essay and application to apply. You may also want to look at Arizona scholarships and grants.
