career training loan

Career Training Loan Application instructions: Complete the loan application by typing or printing in black ink. If corrections are necessary, cross out the incorrect information, type or write the correct information, and initial your changes. Do not use correction fluid. The minimum loan amount to borrow for tuition and other education-related expenses is $1,000. A portion of the tuition must be financed to be eligible to apply for other education-related expenses. There is no aggregate loan limit. SECTIONS: Complete the “Borrower” and “Student” sections on the application (Sections A and C). It is not necessary for the student to be the borrower or the co-borrower. Application must be completely filled out to process including Gross Annual Salary. The repayment term selected must be between one and fifteen years. CO-SIGNER (if applicable): Complete the Co-Borrower section on the application (Section B). Application must be completely filled out to process including Gross Annual Salary. TUITION & EXPENSES: Please make sure that we know which flight training certificate you are applying for so that we can calculate the amount of the loan on your application. The amount will be an approximate cost of your tuition and expenses to complete your training. SIGNATURE: Borrower and Co-borrower (if applicable) must provide a signature at the bottom of the application. REPAYMENT OPTIONS: There are three repayment options available. Repayment begins 30 days after disbursement. The borrower may choose to elect one of the two in-school repayment options described below by completing the information in the relevant field in Section A. Otherwise, the borrower will receive the standard repayment option of level, monthly payments of principal and interest. The minimum monthly payment for standard repayment is $30. • Interest-only Repayment Option- The borrower can make monthly interest-only payments during the in-school period and then begin standard repayment of interest and principal payments once school is finished. If the borrower elects this option, he/she must indicate the number of desired interest-only monthly payments (Section A). Interest-only payments cannot exceed the Class Graduation Date listed on the loan application (Section D). The minimum monthly payment is $30. • Deferred Repayment Option*- The borrower can defer principal payments for up to 12 months and make $10 monthly payments during the deferment period that will be applied toward the interest that accrues on the account during the deferment period. Unpaid interest will be added to the borrower’s principal balance (capitalized) at the end of the deferment period. The borrower will then pay interest on the higher principal amount. The borrower may elect this deferment option and the number of months to defer payments (Section A). *A deferred loan will receive a higher interest rate and fee. Once you have completed and signed the application, please submit to Executive Flyers. You can bring in your application or fax to: 1-781-274-6719, attention: Rita. We will complete Section D and fax to SLM Financial. Within 24 hours, we will receive a loan decision from SLM via email. If the loan is approved, you will need to come in and sign the required documents. We will send to SLM Financial all of the loan documents, a recent pay stub (or a tax return if self employed) and a picture ID. If you have any questions, please call SLM Financial at 1-888-272-5543 or call Executive Flyers at 1-781-274-7227 and ask for Rita. Fax Applications to: 1-317-806-4871 Call With Questions: 1-888-272-5543 Mail Applications To: SLM Financial Corporation PO Box 470 Marlton, NJ 08053 Instructions: If all information is not completed in full, the processing of your application may be delayed. Initial any changes; do not use correction fluid. Bring to your school’s financial aid office for school certification. This application must be completely filled out and certified by the school official. By submitting this application, you authorize SLM Financial to check your credit history whether or not your application is signed. IMPORTANT INFORMATION ABOUT PROCEDURES FOR APPLYING FOR A STUDENT LOAN: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who applies for a loan. What this means for you: When you apply for a student loan, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. SLM Financial Corporation Section A: Borrower Section: Please complete all information in this section. Must be a U.S. Citizen or Permanent Resident Alien Loan Amount Requested: Tuition $ Full Name: Street Address City Mailing Address if different from Street Address above Monthly Mortgage / Rent Amount $ Employer Name Employer Address Reference Name (Do not use co-borrower.) Reference Name (Do not use co-borrower.) Section B: Co – Borrower Section Relationship to Borrower: Last Street Address City Mailing Address if different from Street Address above Monthly Mortgage / Rent Amount $ Employer Name Employer Address State State +Expenses $ Last =Total $ First Repayment Term (years): MI Apt # / Rural Route Zip Code How Long at Current Address Own Jr. / Sr. Interest Only Payments? (In School Only) Social Security Number Date of Birth (month/day/year) Rent Live with Parents Email Address Deferred Payments? (12 Month Max) Drivers License Number Please Select One: U.S. Citizen_____ Permanent Resident Alien _____ Other_____ Home Phone ( ) Years Months Landlord / Mortgage Holder Name & Phone # Approximate Balance (Mortgage only) $ Position / Title State Zip Code How Long Years Gross Annual Salary $ Months Approximate Home Value (If you own) $ Other Income Source: $_____________ Previous Employment Information: Employer: Work Phone ( ) Note: You do not have to reveal alimony, child support or maintenance income unless you wish it to be considered as a basis for loan repayment. How Long: Relationship Relationship years months Reference’s Permanent Address: Reference’s Permanent Address: Reference’s Home Phone Reference’s Home Phone Please complete all information in this section if applying jointly. Must be a U.S. Citizen or Permanent Resident Alien. First MI Jr. / Sr. Social Security Number Apt # / Rural Route Zip Code How Long at Current Address Own Date of Birth (month/day/year) Rent Live with Parents Email Address Work Phone ( Other Income Months Source: $_____________ Previous Employment Information: Employer: MI Jr. / Sr. Social Security Number ) Please Select One: Drivers License Number U.S. Citizen_____ Permanent Resident Alien _____ Other_____ Home Phone ( ) Years Months Landlord / Mortgage Holder Name & Phone # Approximate Balance (Mortgage only) $ Position / Title State Zip Code How Long Years Gross Annual Salary $ Approximate Home Value (If you own) $ Note: You do not have to reveal alimony, child support or maintenance income unless you wish it to be considered as a basis for loan repayment. How Long: years months Section C: Student Section: Relationship to Borrower: Last Please complete all information. First Date of Birth (month/day/year) Section D: School Section: School Code – Branch Code To be completed by an authorized school official. School Name 607187 School Phone Number Executive Flyers Aviation- Cessna School Address Cost of Attendance: Tuition + Expenses $ 781-274-7227 First Disbursement Date Fourth Disbursement Date Amount $ Civil Terminal Hanscom Field Bedford, MA 01730 Second Disbursement Date Fifth Disbursement Date Amount $ Third Disbursement Date Sixth Disbursement Date Amount $ Class Dates – Start/End (Month/Day/Year) Start End Anticipated Graduation Date(Month/Day/Year) Amount $ Amount $ Amount $ I hereby certify that the student in Section C is accepted for enrollment, or is enrolled, and in good standing. I further certify that the School will provide the loan holder or servicer subsequent information regarding the student's whereabouts, if requested by the loan holder or servicer. I further certify that the institution will comply with all applicable policies and provisions, and that the information provided in Sections A, B and C , is true, complete and correct to the best of my knowledge and belief, and that all funds over and above the Tuition Amount represent qualified education expenses, and the Loan Amount Requested in Section A does not exceed the Cost of Attendance determined in accordance with the federal Higher Education Act. School Certification: I have read and agree with above paragraph. Signature of authorized school official: Date Print or type name and title: This application will be submitted to SLM Financial Corporation (“SLM”) for approval. I/we authorize SLM to use credit information previously obtained in connection with another loan in connection with this application. I/we authorize and instruct any person or consumer reporting agency to furnish to SLM any information that it may have or obtain in response to such credit inquiries and agree that such information, along with this application, shall remain SLM’s property, whether or not a loan is approved. All information set forth in this application is declared to be a true representation as to the facts, made for the purposes of obtaining the loan requested, and any willful misrepresentation in this application may result in criminal action. As a condition to obtaining this loan, I/we authorize and consent to the lender, any other lender for loans that may be offered to me in the future, any subsequent holder of the loans, any school or any of their agents to share and release information pertinent to this application or loan. In addition, SLM and its affiliates may share credit and other information about you with each other for marketing and administrative purposes. (Please review the Sallie Mae privacy policy for information concerning your rights to limit the sharing of this information.) ______________________________________________________ _____________ _______________________________________________________ _______________ Borrower’s Signature Apply on the Web @ www.slmfinancial.com Date Co- Borrower’s Signature (c)SLM FINANCIAL 1998-2003 -DAE Date