Citibank

Financing your college education with student loans

BACKGROUND
CitiBank is one of the nation's lending financial institutions- most notably known for their banks. They are also a leading provider of student and college loans. They provide complete information concerning the college loan process, even offering tutorials that explore FAFSA and SAR. CitBank helps you explore the many financing options that are available to both students and parents. Finally, they offer information regarding other financial aid options that exist outside government parameters.

After exploring all these options, if you determine that you still need to obtain a student or PLUS loan, Citibank outlines each of these lending programs in clearly-defined evaluations. Furthermore, they explain fully the student loan consolidation program, that has been implemented in recent years by the Federal Government.

As a distributor of these government funding programs, CitiBank is held to strict standards. They cannot alter the interest rate, they must allow repayment under federally-outlined time guidelines and the only fee they can charge is a 2.5% administration fee, part of which is paid back to the federal agency who allotted the funds to their institution.

Application for any of the aforementioned loans is an easy and secure process on the Citibank site, and in an effort to provide the best possible customer service, they also educate you as to the tax benefits you can claim when putting yourself or your child through college.

PRO
- Presents alternatives to student loans
- Loan application is simple
- Video tutorial explains repayment options
- Counseling and tutorials available to address both parent's and student’s financial picture
- Deferments and Forbearances explained

CON
- You must reveal personal information to apply online

DEGREE PROGRAMS
College loans are, generally speaking, accepted for any degree program.

SCHOOLS
The only stipulation colleges and universities will make concerning student loans, is that they be applied to school costs. They are required to verify compliance with regard to the application of these funds.

CONCLUSION
Citibank is a federally-accredited financial institution who has contracted to disburse Federal funds earmarked for education. Their webpage is fully interactive and provides the kind of information parents and students need to consider before applying for a loan. Once a potential borrower has determined they require a loan, Citibank’s support services make a valuable resource for this service.

Common Misspellings
City bank, Citybank, Citi Bank, Citibanc