• The course of study is from one (1) week to seventy-two (72) months in length.
• Loans would be for a minimum of $500.00 to a maximum of $15,000.00.
• The interest rate will be approximately 8% - 18%.
• 70% cash at start date and 30% reserve to be recovered as student pays. Other options are available .
• Payments will be scheduled from a minimum of six (6) months to a maximum of ten (10) years. THIS IS THE SCHOOLS DECISION.
• The student may make a small down payment to the school, or have a grant. THIS IS THE SCHOOLS DECISION.
• The student is required to meet minor loan qualifying standards.
~ Option 1 Only ~
Loan Qualifying
• Will take a fully discharged bankruptcy.
• Will take, within reason, some charge-off accounts.
• Will consider income based on new employer .
• Co-signer accepted.
• Automatic debit from checking, savings or credit card (if desired).
• Payroll deduction – monthly (if desired).
• Can be a renter or homeowner.
• Joint income considered.
• Six (6) months to ten (10) years payback.
• Insufficient or non-existent credit history may not be considered an adverse credit history .
• 8% to 18% interest rate.
~ Option 2 ~
No Down Payment ¨ No Qualifying Required
Assumptions:
• The course of study is from one (1) week to seventy-two (72) months in length.
• No down payment required, no loan qualifying .
• Loans would be for the amount of a minimum of $500.00 to a maximum of $15,000.00.
• The interest rate will be approximately 8% to 18%.
• Payments will be scheduled from a minimum of six (6) months to a maximum of ten (10) years.
• Purchase price is a function of interest rate, term of loan, etc.
