Funds federal consolidation student loan by jennyyingdi

VIEWS: 0 PAGES: 7

									                                           A+Funds
A+Funds is a leading lender in education loan funding.

The A+Funds Stafford Loan Program is just like every other Stafford Loan. With one big exception:
A+Funds provides students with more of the money they borrow.

A+Funds offers a ZERO origination fee for ALL graduate level students, giving you up to an
additional $555 annually that other lenders take out for fees.

We don't stop there! In addition we will lower the principal amount borrowed by 3.3% for paying the
first 33 monthly payments on time.

And the A+Funds Signature Loan offers you competitive private loan terms to cover the rest of your
education costs.

Undergraduate Stafford Loan: Lender Code: 833810 - Same Stafford - More Money

The A+Funds Stafford Loan Program is just like every other Stafford Loan. With one big exception:
   1. A+Funds provides students with more of the money they borrow.
   2. A+Funds pays up to $385 in fee expenses annually on behalf of eligible students, giving
      students more of their money back. Money that's better use on school expenses than fees.
   3. A+Funds, together with our guarantors, covers 2% of all fees at disbursement.

   So instead of 4% of your loan amount being withheld for fees, your Medfunds Stafford Loan only
charges half of that- we put an extra 2% directly into your loan disbursement.

When you borrow from us, you get more money.
Origination Fee           2%
Guarantee Fee*               0%
Interest Rate                2.77% (91 Day T-Bill + 1.7%)
School, Grace, Deferment
Interest Rate Repayment      3.37% (91 Day T-Bill + 2.3%)
Interest Rate Capped at 8.25%
Grace Period                 6 months
Capitalization               Once at Repayment
Repayment Incentive          3.3% principal reduction after 33 on-time payments
Originator/Servicer          Sallie Mae, PO Box 59012, Panama City, FL 32412-9012
                             Customer Service: (888)272-5543
*Waived by most guarantors



A+Funds                                                                           Page 3
Graduate Stafford Loan: Lender Code: 834040 Same - Stafford – More Money

ZERO-FEE STAFFORD LOANS FOR ALL GRADUATE LEVEL A+FUNDS BORROWERS!

The A+Funds Stafford Loan Program is just like every other Stafford Loan. With one big exception:
1. A+Funds provides students with more of the money they borrow.
2. A+Funds offers a ZERO origination fee for ALL graduate level students!

We don't stop there! In addition we will lower the principal amount borrowed by 3.3% for paying the
first 33 monthly payments on time.

Hey, it's easy! When your school's Financial Aid Officer tells you how much you can borrow, just tell
them you want the A+ Funds Graduate Stafford Loan Program.

Origination Fee              0%
Guarantee Fee*               0%
Interest Rate                2.77% (91 Day T-Bill + 1.7%)
School, Grace,
Deferment
Interest Rate Repayment 3.37% (91 Day T-Bill + 2.3%)
Interest Rate Capped at 8.25%
Annual Loan Limit            Subsidized: $8,500 (**Unsubsidized: $10,000)
Aggregate Loan Limit         $138,500
Grace Period                 6 months
Capitalization               Once at Repayment
Repayment Incentive          3.3% Principal Reduction after 33 on-time payments
Originator/Servicer          Sallie Mae
                             PO Box 59012
                             Panama City, FL 32412-9012
                             Customer Service: (888)272-5543
*Waived by most guarantors
**Additional Unsub available; see your financial aid officer

Private Loan: The A+ Funds Private Loan is the smart way to borrow alternative funds. We offer
terms that are competitive with all other private loans available.

Eligibility
                 olled at least half-time at an accredited school
                                                     -citizen
A+Funds                                                                           Page 3

Private Loan continued:
Effective 07/01/2004

Origination Fee            0%
Guarantee Fee              0%
In-School Interest Rate    LIBOR + 2.90%
Repayment Interest Rate    10 year: LIBOR + 3.25%
(varies with repayment     15 year: LIBOR + 3.65%
term)                      25 year: LIBOR + 4.00%
Supplemental Fees          ZERO
Annual Limits              cost less aid received
Aggregate Limits           Graduate & Undergraduate Students: $100,000; Law Students: $150,000
Capitalization             once at repayment
Grace Period               9 months
** Download Application and Promisory Note

Signature Loan
Loan Limits                                  Annual: Cost of education less other aid.
Aggregate Loan Limits*                       without a co-borrower         with a co-borrower
Undergraduates                               $100,000*                     No Limit
Graduate students                            $150,000*                     No Limit
Selected health professions**                $200,000*                     No Limit
* These limits include all student loan debt, both federal and private and all grade levels
** The selected health professions are Allopathic, Osteopathic, Dentistry, Veterinary, Optometry,
Podiatry, Pharmacy and Clinical Psychology.
Interest Rate and Fees
with a co-borrower
Co-              Disbursement   Repayment Interest Rate                    APR
borrower         Fee            Fee
Credit
Excellent        0%             0%           Prime plus 0%                 3.89%
Good             3%             3%           Prime plus 2.0%               6.32%
Fair             6%             3%           Prime plus 4.0%               8.45%
A+Funds                                                                             Page 4



without a co-borrower
Borrower      Disbursement       Repayment Interest Rate                      APR
Credit        Fee                Fee
Excellent     3%                 3%            Prime plus 1.0%                5.39%
Good          6%                 3%            Prime plus 2.0%                6.60%
Fair          6%                 3%            Prime plus 5.0%                9.35%
Repayment Term                                 15 years
Payments Begin                                 Following a 6-month grace period after leaving school
                                               or when student drops to less than half-time status.
Repayment Options - Graduated repayment and extended term (up to 25 years) options available
Interest rates and fees are based on credit and the school being attended. All loan fees are capitalized
(added to the loan principal). When loan is approved with a co-borrower, interest rate and fees will
be based on the co-borrower’s credit score. Interest rates and fess are effective for first
disbursements between 6/1/04 and 5/31/05
APR ASSUMPTIONS
Assumes a Prime Rate of 4%, a $10,000 loan with two disbursements (one on September 1 and
another on January 2), 45 months in school, 6 months grace and a 15-year repayment period.
** Download Application and Promisory Note


PLUS Loan: Lender Code: 833810
       The A+Funds PLUS Loan Program is just like every other Federal PLUS loan, with one big
exception - A+ Funds provides parents with more of the money they borrow.
       Simply provide us with an email address for service correspondence and we will LOWER your
principal balance at repayment by 1%, regardless of how much you've borrowed.
       All parents who are eligible borrowers as determined by the Federal Family Education Loan
Program (FFELP) are eligible to borrow from A+ Funds.


Why my email address?
        Simple. Because corresponding account information by email is so much more immediate, our
servicer would like to have a way to quickly respond to your needs and questions, all at a lower cost.
And by lowering our costs, we're able to lower your costs.

      There is no limit on how much we'll refund. We'll reduce your principal by 1% whether you
borrow $1,000 or $100,000.




A+Funds                                                                             Page 5
Origination Fee          3%
Guarantee Fee*           0%
Interest Rate            4.17%
                         (91 Day T-Bill + 3.1%)
Interest Rate Capped at 9.00%
Annual Loan Limit        Cost of students education less other aid received
Grace Period             60 days from disbursement
Capitalization           Once at Repayment
Repayment Term           10 Years
Reimbursement            A+Funds will lower principal balance by 1% at repayment for providing a
Program                  valid email address
Repayment Incentive      .25% interest rate reduction for requesting electronic paymenmt
Originator/Servicer      Sallie Mae
                         PO Box 59012
                         Panama City, FL 32412-9012
                         Customer Service: (888)272-5543

Consolidation Loan
    Reduce monthly student loan payments
    Lock in low interest rates
    Earn additional interest rate reductions
    Receive single statements
    Make single payments for all of your federal education loans
    No application fees
    No credit checks
    No prepayment penalties
    Potential Federal Tax Deduction

Now is the time to apply for your Consolidation Loan!
         You are ready to begin your career and we are here to help. As you prepare for graduation you
may be overwhelmed by the amount of loan debt you have gotten into. Higher education comes at a
high price, but with historically low interest rates and a competitive market, you can lock in that low
interest rate and significantly reduce your loan payments. The savings can amount to thousands of
dollars.

Fixed interest rates as low as 2.875%
       Upon choosing us as your consolidation loan, we will take a weighted average of your past
student loan interest rates thus locking in a lower rate. Interest rates cannot exceed 8.25%. By
consolidating now, you may be eligible for the lowest rates in the industry.

A+Funds                                                                            Page 6
Reduce monthly payments
        By locking in a low fixed interest rate your payments will be dramatically reduced. In addition,
if you make your payments on time, we will reduce your already low interest rate even further.

Eligibility
        Loans issued under the Federal Family Education Loan Program (FFELP) are eligible for
consolidation.

They include:
    Federal Stafford Loans (subsidized and unsubsidized)
    Federal PLUS
    Federal SLS Loans
    Direct Stafford Loans (subsidized and unsubsidized)
    Direct PLUS
    FISL

   Loans issued under other federal education programs including Federal Perkins Loans, Federal
Nursing Loans, and HPSL
    Loans must be owned by more than one lender, or solely by A+Funds/Medfunds
    Loans issued under the Federal Direct Loan Program
    Minimum loan balance must total $10,000

Repayment options
       OPUS offers five different repayment options. Each option is designed to make paying off your
student loan debt as easy as possible. Choose from one of the following:

Level repayment:
    Extended repayment (must meet criteria)
    2 years interest only payments
    4 years interest only payments
    Income sensitive payments

    Based on the amount you consolidate, your repayment period will be 12 to 30 years. With no
prepayment penalties borrowers may select a shorter repayment period than the maximum payback
period.

Total Education Debt          Maximum Repayment
$10,000 - $19,999.99          15 Years
$20,000 - $39,999.99          20 Years
$40,000 - $59,999.99          25 Years
$60,000 +                     30 Years


A+Funds                                                                            Page 7
Save even more!
        If you select payments to be automatically deducted from a checking or savings account, you
will receive an immediate .25% interest rate discount.
By making your first 36 months of payment on time we will reduce your interest rate by 1%. That is in
addition to all of our other money saving benefits.

How do I apply?
     You may click here to request an application, or call toll free at 800-665-6750.

Additional savings for in-grace consolidation*
       By consolidating during your grace period, your interest rate will be lower than consolidating
during repayment, because grace period interest rates are typically lower than repayment interest rates.

* Borrowers forfeit any remaining portion of their grace period by consolidating while in-grace.

WEBSITE: http://www.aplusfunds.com/index2.asp

								
To top