Students seeking financial aid for college may want to look into ConSern, which makes loans to the employees of 6,000 U.S. companies that have chosen to sponsor the loan program.
ConSern "has lent over $45 million in student loans to more than 7,000 families but we're looking at a market of 7 million families that are now excluded from traditional government aid programs because their income or assets are too high," said Father John Whaley, president.ConSern operates in affiliation with the U.S. Chamber of Commerce, and its loans are financed through the sale of Commercial Paper Notes by its parent company, University Support Services.
The student loans feature a 15-year payback with no prepayment penalty, loan amounts ranging between $1,500 and $25,000 per year and low interest rates. For more information about the program, contact your local Chamber of Commerce or call ConSern toll-free 1-800-SOS-LOAN. In Washington, D.C., call 331-9350.