AnchorBank's Lender Code: 823011

AnchorBank offers a variety of lending options for students and parents. We can help you determine how much you'll need to save in order to meet the cost of college and help you understand the loan application process when the time comes.

AnchorBank offers both subsidized and unsubsidized federal Stafford loans. A .25% rate reduction is offered on Stafford loans when you sign up for the Great Lakes Higher Education "Check Free" automatic payment option.

Stafford loans don't require repayment while in school. Most students who can meet a few basic requirements qualify for at least an unsubsidized Stafford student loan, regardless of parental income and assets.

For more information, call Anchor's Student Loan Hotline at 1-800-236-8769. You can also email us.

Great Lakes Higher Education Corporation is both the Guarantee Agency and Servicer for all AnchorBank student loans. Great Lakes can be reached by calling 1-800-236-4300.

To view additional information on our products, click on the product descriptions below. To learn more about the application process, click here. Current student loan rates are available here.

Stafford Loans - This loan has two types - subsidized and unsubsidized. These loans are in the student's name and offer deferred payments. The rates are set by the government.

PLUS Loans for Parents - This loan allows parents to borrow up to the difference between a school's cost of attendance and the student's financial aid.

Graduate PLUS Loan - This loan allows graduate students to borrow up to the full cost of attendance less regular financial aid.

Home Equity Loans - If you are a homeowner and qualify, a home equity loan is another option for helping to finance an education. Refer to our home equity section for more information.

Anchor Alternative / Private Student Loans - These loans are outside of the federal student loan program. This school-certified loan is taken out in the student's name and provides deferred payments while the student is in school.

For help in planning your finances for the school year, AnchorBank school year planning worksheets are available here.

Please Note: You may qualify for federal student loans. We encourage prospective customers to exhaust federal student loan options before applying for a private student loan, as federal loans are often less expensive and offer the widest variety of repayment options.