LAMBUTH ANNOUNCES A NEW INITIATIVE TO EASE DEBT FOR UNIVERSITY STUDENTS
Friday, March 28, 2008
Lambuth University is pleased to announce a new private loan program that will be available to current and prospective students starting this fall. Under the Lambuth PACE program, the University will give students access to interest free loans up to $15,000 per year for a total of $60,000 for the four years the student is enrolled at Lambuth University.*
Lambuth is the first university to offer private educational loans of this nature as an option for students. The PACE (Providing an Affordable College Education) loan program is an interest-free loan offered to students to help pay for their education. The university will make interest equivalent payments accruing on this loan for up to four years while the student is attending Lambuth as a full-time undergraduate.* The program’s interest subsidies, flexible payments, and interest rate reductions combine with the college’s tuition freeze to provide an affordable way for students to pay for a college education.
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