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Student Aid Notes
(links to our financial aid notes) |
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START Undergraduate Loan |
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Whether you've just graduated from high school
or you're going back to college, the START
Undergraduate Loan could be for you. |
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Students enrolled at least half-time can
borrow from $1,500 to the estimated annual
program expense at your school ($30,000
annual maximum, $130,000 aggregate maximum). |
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Three repayment options available —
including full deferral of both principal
plus interest until six months after you
graduate or leave schools! |
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download
the START Undergraduate brochure
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Loan Benefits
and Advantages |
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competive interest rates |
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fast, easy, no hassle
application |
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no application fees or other out-of-pocket
fees |
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funding in as few as 5 business days
from receipt of completed application |
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preliminary approval in as little
as 15 minutes if applying by web or phone |
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repayment may be deferred until after
graduation |
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no prepayment penalty |
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available for past due tuition balances,
too |
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funds disbursed directly to you! |
Loan Limits |
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borrow annually up to
the lesser of $30,000 or the estimated annual cost of
attendance |
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$130,000 aggregate maximum
borrowing limit |
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$1,500 minimum loan amount |
Repayment Options |
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choose from 3 different
repayment options, including payment deferral until six
months after you graduate or cease to be enrolled in school
at least half-time |
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favorable repayment terms* |
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no pre-payment penalties |
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minimum monthly payment of $25* |
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Loan Eligibility |
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an undergraduate student
enrolled in a degree or certificate program |
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enrolled at least half-time as
defined by your school |
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attending a TERI-approved school*
(call 1-800-255-TERI) to confirm eligibility of school) |
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proof of enrollment must be provided |
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Credit Guidelines |
You must meet the credit
guidelines below
(a co-signer may be required): |
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satisfactory credit history,
residence and employment history of at least two
years |
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proof of current income |
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if self-employed, verifiable business
income for at least two
years |
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U.S. citizen or permanent resident
and have resided in the U.S. for the previous two
years |
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international students must apply
with a qualified credit-worthy U.S. citizen or permanent
resident co-signer |
Deferment
Options |
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pay principal and interest in a fixed monthly amount beginning
approximately 45 days after funds are disbursed. |
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defer principal and pay only interest while you are
enrolled in school for up to four consecutive years
(up to five years if enrolled in a five-year program).
Interest payments begin approximately 45 days after
disbursement. Repayment of principal and interest begins
approximately 45 days after you graduate or cease to
be enrolled at least half-time |
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make no payment while in school for up to four consecutive
years (up to five years if enrolled in a five-year program).
Repayment of principal and interest begins approximately
180 days after you graduate or cease to be enrolled
at least half time in school. Deferred interest is capitalized
quarterly prior to repayment and once at repayment. |
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Apply
Online Now: click
here
or answer your questions at: 866-230-4578 |
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