EDWARD T. BRADFORD--WILLARD D. VOIT--CHARLES L. YANCEY STUDENT LOAN FUNDS OF THE SIGMA PHI EPSILON EDUCATIONAL FOUNDATION General Information Concerning Loans This program is designed to meet the special needs of Sigma Phi Epsilon student members who require financial assistance to complete their education. The student is encouraged to apply for financial aid from other lending institutions and to request aid from the Sigma Phi Epsilon Educational Foundation only after those options are exhausted. ELIGIBLE BORROWERS Loans are available only to juniors, seniors, and graduate students. An undergraduate applicant must be a full-time college student and a member in good standing of a Sigma Phi Epsilon chartered chapter. A graduate student applicant must be an alumnus in good standing with Sigma Phi Epsilon. LOAN AMOUNTS The average loan amount is $750.00; maximum loan amount is $1,000.00. MATURITY AND PAYMENTS Starting the month after funds have been disbursed, payments are required on all loans at the rate of $5.00 per month, continuing at this rate until the second month following graduation or after the borrower leaves college. These payments are applied toward interest. Two months after the borrower graduates or leaves college, the loan is payable according to the face amount of the note as follows: $100.00 - $499.99 $500.00 - $1,000.00 --12 monthly payments 24 monthly payments
INTEREST Simple interest on student loans is computed at the rate of 8% per year. PROMISSORY NOTE Prior to disbursement of funds, a promissory note will be executed evidencing indebtedness together with the terms of repayment. The promissory note will be signed by the student maker and his comaker(s). COMAKER(S) At least one, often two, financially sound comaker(s) are required. It is preferred that the comaker be a parent or other immediate relative. The "Statement of Comaker" must be completed and submitted with the original application. PROOF OF ELIGIBILITY Two endorsements to the application are required: (1) an official in the Academic Dean's or Registrar's Office must verify the applicants G.P.A. and that the applicant is a full-time student in good standing, and (2) the chapter counselor, an officer of the alumni board, or the district governor must verify that the applicant is a member in good standing with his chapter if the applicant is an undergraduate. Applications without these endorsements will not be processed.
The Student Loan Fund Committee and/or the Sigma Phi Epsilon Educational Foundation reserves the right to make the final decision on all loan requests and the eligibility of the applicant and any comaker.
EDWARD T. BRADFORD--WILLARD D. VOIT--CHARLES L. YANCEY
Student Loan Program Application This application requests information on college and fraternity participation, academic performance, financial need, and credit worthiness--the areas considered in determining your participation in the student loan program. Your application must comply with the following to be considered: 1. Application and supporting documents must be typed, if at all possible, or clearly printed in dark ink. Applications completed in pencil will not be accepted. All questions and sections answered fully and accurately. Academic Record Form completed and signed by an official in the Academic Dean's or Registrar's Office and returned with the application. Statement of Comaker Form(s) and Notice to Comaker completed, signed, and returned by all comakers.
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Remember, this is an important application and time and care should be taken in its completion. If you have any questions, please call Susan Ilch at Sigma Phi Epsilon Headquarters, (804) 353-1901, extension #18. Email address is ilch@sigephq.org. Return completed and signed (by student) application and support documents to: Student Loan Program Sigma Phi Epsilon Educational Foundation Zollinger House P.O. Box 1901 Richmond, Virginia 23218
SIGMA PHI EPSILON EDUCATIONAL FOUNDATION STUDENT LOAN PROGRAM
(Note: This form to be completed by an official in the Academic Dean's or Registrar's Office only.)
, (Student's Full Name) a student at (College or University) has requested that we confirm to you his status as a student. Such statements are made for the convenience of the student and without liability on our part. Student's accumulative academic grade point average to the end of the current quarter/semester is (According to our grading system, A = ;C= . .) ,
This student is a member of the (Indicate freshman, sophomore, junior, senior, graduate student)
Class.
He is enrolled as a full-time student at this institution and is in good standing. Yes No
Signature
Title
Date
Sigma Phi Epsilon Educational Foundation Zollinger House P.O. Box 1901 Richmond, Virginia 23218 Student Loan Program
NOTICE TO COMAKER You are being asked to guarantee this debt. Think carefully before you do. If the borrower does not pay this debt, you will have to. Be sure you can afford to pay if you have to and that you want to accept this responsibility. You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees and/or collection costs, which will increase this amount. The creditor can collect this debt from you without first trying to collect from the borrower. The creditor can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in default, that fact may become a part of your credit record. This notice is not the contract that makes you liable for this debt.
Signature of Comaker: Date:
(Note: This signed form is required by all comakers.)
SIGMA PHI EPSILON EDUCATIONAL FOUNDATION P.O. BOX 1901, RICHMOND, VIRGINIA 23218 STUDENT LOAN PROGRAM STATEMENT OF COMAKER in support of the application of Please examine and complete this form carefully. The statement below is your formal acceptance of responsibility for the amount of the loan plus interest. The note you will sign, if the loan is approved, will show the entire face amount of the loan. Should your address change prior to the pay off of this loan, please notify the Sigma Phi Epsilon Educational Foundation so that we may keep our records current. * * * * * * * * * * * * * * * * * I understand that as comaker of this note, I am responsible for the payment of this loan if and when the borrower and original signer defaults on the note. I understand that the Sigma Phi Epsilon Educational Foundation will immediately request payment of the loan from me should the maker not meet his payment schedule. My signature below is my acceptance of responsibility for prompt repayment of this loan. .
Full Name Social Security # Permanent Address # & Street Telephone Number ( Occupation Nature of Business Name of Employer Address of Employer # & Street Business Telephone ( ) ) Title
Relation to applicant Date of Birth
City
State Years at this Address
Zip Code
Years with Present Employer
City
State
Zip Code
Total Annual Salary* $
Full name and address of immediate relative who will always know your location: Name Address
Telephone (
)
Relation to comaker
* Minimum $30,000 required to be comaker
Value of real estate you own** Amount of monthly payments $ First Mortgage held by: Second Mortgage held by: Bank reference Savings Account: yes no Checking Account: yes no Balance $
Please provide complete name, address, and telephone number of two credit references: 1. 2.
Are you a comaker, endorser, or guarantor on any other loans or contracts? If "yes", how many? To Whom? Are there any unsatisfied judgements against you? If "yes", how many? To Whom? Have you been declared bankrupt in the last 14 years? If "yes", where? Year Amount? For Whom?
I certify that the foregoing information I have provided is true and correct to the best of my knowledge.
Signature
Date
**List only your assets and income unless you are relying on the income or assets of another person (e.g. spouse's income, jointly owned real estate, etc.) as the basis for demonstrating your ability to repay this loan if the borrower defaults. In such cases, the other person must sign this application.
Signature**
Date**
EDWARD T. BRADFORD--WILLARD D. VOIT--CHARLES L. YANCEY STUDENT LOAN FUNDS OF THE SIGMA PHI EPSILON EDUCATIONAL FOUNDATION
I hereby apply for a loan in the amount of $
. Signature of Applicant
Full Name Social Security # Permanent Address # & Street Permanent Telephone Number ( Your Chapter School Is this a Balanced Man Chapter? yes no Your Major ) City State Zip Code Date of Birth
Expected Date of Graduation Current Class Year (month & year) (Junior, Senior, or Graduate Student) While in school, you intend to live (check one): chapter house School Address # & Street School Telephone Number ( Married? yes no ) yes no If yes, how many: City State Zip Code on campus housing off campus with parents
Dependents?
Full name and address of relative (other than comakers) who will always know your address: Name Address # & Street Telephone ( ) City State Zip Code
Relation to applicant:
PARENTS OR GUARDIAN INFORMATION Currently, are your parents: Married Divorced Separated Deceased
Father's Full Name Address # & Street Telephone Number ( Employer Occupation Business Address # & Street Business Telephone ( Annual Income: $ * Mother's Full Name Address # & Street Telephone Number ( Employer Occupation Business Address # & Street Business Telephone ( Annual Income: $ Number of exemptions (excluding parents or guardian) claimed by your parents or guardian on last year's Federal Income Tax return: Of this number, how many (including yourself) will be enrolled in a post-secondary educational institution during the next academic year? ) ) City State Zip Code * * * * * * * * * * * ) ) City State Zip Code
City
State
Zip Code
City
State
Zip Code
FINANCIAL INFORMATION NOTE: This page is critical in evaluating your loan--please complete carefully. The proceeds of this loan will be used for educational expenses only. The following estimated expenses are for the time period to , which this loan applies: Tuition and Fees Books and Supplies Room Meals Fraternity Dues and Charges Personal (laundry, toiletries, etc.) Social Automobile: Payment Insurance Gas/repairs Other (itemize) Total Expenses: $ $
Estimate your income for the same time period indicated above: Aid from parents/spouse* Personal summer earnings and savings Employment earnings while in school Loans (itemize) Scholarships (itemize) Other income (explain) Total Income: $ Differential between expenses and income: Difference after this loan: Please complete the following as accurately as possible: Date Applied Pell Grant SEOG College Work Study NDSL (Perkins) GSL PLUS (ALAS) Other (explain type) Amount Received Denied/Date $ $ $
*If there is no parental aid, please specify why on a separate sheet of paper. If you claim to be an independent student, attach an affidavit which certifies that you were not claimed as a dependent on your parent(s) or guardian(s) tax return for last tax year and that you will not be claimed this tax year.
List below all of your present and planned financial obligations. This includes all debts, loans, open accounts, installments, medical expenses, etc. If this space is not sufficient, please submit a separate statement. Date of Origin Original Balance Current Balance Monthly Payment Past Due?
Creditor
Address
List below all of your owned assets (use separate sheet if necessary). Cash: $ Automobile: Make Year Other: Item Value Subject to debt? Balance Model Value $
CURRENT EMPLOYMENT INFORMATION Employer Brief Job Description Business Address # & Street City Business Telephone ( ) Income (weekly or monthly) $ Will you be employed while attending school?
State
Zip Code
Approximate hours per week yes no
FRATERNITY PARTICIPATION What is the approximate date you joined Sigma Phi Epsilon? List by year fraternity offices held:
List by year all Conclaves and Carlson Leadership Academies attended:
List intramural athletic participation and any other fraternity participation (be specific):
List all fraternity honors and/or recognition:
COLLEGE ACTIVITIES To what honorary societies do you belong?
To what professional societies do you belong?
List student government and class offices held by year:
List campus committee chairmanships or memberships held by year:
List intercollegiate athletic participation by year:
Additional information on college activities:
APPLICANT'S VERIFICATION I hereby certify that all of the statement's contained in this application are true and complete and are made for the purpose of applying for a student loan from the Sigma Phi Epsilon Educational Foundation. I also agree to notify the Sigma Phi Epsilon Educational Foundation of any changes in my address or academic status.
Date
Applicant's Signature
Please send all loan correspondence to me at the following address: Address
City/State/Zip
FRATERNITY OFFICIAL'S VERIFICATION The foregoing application of Brother has been reviewed by me, and I certify that the statements contained herein are true and correct to the best of my knowledge. The applicant is a member of Sigma Phi Epsilon in good standing with:
(Sigma Phi Epsilon Chapter)
Date
Official's Signature
Title (District Governor, Chapter Counselor, or Alumni Board Officer Only) Comments: