Abeka Fund
Abeka Fund provides low-interest loans to deserving students who need help
in financing their college education at Pensacola Christian College.
Students who meet the Abeka Fund loan requirements may be permitted to
borrow up to $5,000 per year for four years. For additional information
concerning this program, download
the application,
send an email to studentloans*abekafund|com,
or write to
Abeka Fund
P.O. Box 17100
Pensacola, FL 32522-7100
U.S.A.
Sallie Mae Loans
Sallie Mae offers private loans to PCC students. With the Smart
Option Student Loan for Undergraduate Students you can receive funds that cover full tuition, room & board, and fees. These loans offer fixed,
deferred, and interest repayment options, so your main focus can be on earning your college degree. For more
information or to apply for Sallie Mae loans, visit salliemae.com
(using the Institutional ID 609527-00) or call 1-877-279-7172.
Comparison Chart
|
Abeka Fund |
Sallie Mae |
| Loan Limit Max |
$5,000
per year |
Covers full tuition,
room & board, and fees |
| Cosigner |
Cosigner required
(Non-immediate family member)
|
Cosigner not required |
| Interest Rate |
While a full-time student–5.25%
After graduation/withdrawal–7.25% |
Fixed or variable interest rates
This is determined by Sallie Mae |
| Repayment Options |
Principal payments deferred, semi-annual accrued interest while a student |
Interest, fixed, or deferred |
| Repayment Term |
7 years |
5–15 years
This is determined by Sallie Mae |