• The school will receive student loan approval within 24 hours.
• PROGRAM IS AVAILABLE TO STUDENTS INCLUDING THOSE WITH NO CREDIT AND MOST PROBLEM CREDITS.
• The Lender's commitment to fund all programs offered by the school.
• Direct loans to students, funds at start date, funds made payable to school.
SOURCE #2
• We have been given no loan volume limit to date.
• Individualized programs developed for each school.
• Programs exist to meet the needs of all students . • Direct loans to students, funds made payable to school.
SOURCE #3
• We have been given no loan volume limit to date.
• Program #1 – Sale of existing paper up to $0.80 on dollar . • Program #2 – Direct loans to students, funded on start date. % varies.
• Program #3 – Collections, purchase of accounts.
• Program #4 – Individualized programs have been created to meet requirements of schools whose needs fall out of the realm of existing criteria.
SOURCE #4
• Buys “distressed” existing school paper up to $0.80 on dollar.
• Buys JTPA, VA, etc. contracts.
• Will collect existing student loans held by school.
SOURCE #5
• Midwestern bank working through a management team familiar with school paper.
• Flexible underwriting criteria.
• Direct loans to students.
SOURCE #6
PROGRAM #1 – Buys existing school paper. PROGRAM #2 – Direct loans to students, funding upon graduation. PROGRAM #3 – Direct loans to “marginal” credit rating students.
SOURCE #7
• Prefers long programs.
• Four programs available.
• Funded at start date, % varies.
SOURCE #8
• On-going source for performing paper.
• Offers collection services in separate programs.
• Experienced collector of school paper.
• Direct loans to students, funded at start date, % varies.
SOURCE #9
• Will buy performing paper at $0.70 on dollar.
• Will work with all students enrolled.
• Will make direct loans – payout a function of credit history of students.
