Students
BECAUSE EVERYONE DESERVES A SECOND CHANCE.
· Cover up to $8,500 of your tuition
· Lock in a fixed interest rate
· Pay NO interest when you repay within 90 days
Here at LoanAmerica™, we strive to offer financing to students other lenders are turning away. We believe everyone deserves a second chance.
With current credit challenges, most lenders have suspended their private student loan programs. Those few lenders that are still offering private student loans have tightened their credit requirements, making it difficult for many students and families to qualify.
At LoanAmerica™, we are here to help.
We specialize in providing financing to students in online, vocational, and career training programs. We know you’re not the typical student, and we’re not your typical student finance company.
We’ll work with you to get you the money you need for school, with flexible options that fit.
Terms
· Funding amounts from $1,000 to $8,500
· 17.9% fixed interest rate
· Zero interest if repaid within 90 days
· No fee to apply
· No co-signer or guarantor fees
· No prepayment penalties
· No balloon payments
· 24-month and 35-month repayment terms
· Repayment starts 30-days after disbursement
· Convenient ACH or credit card payment options
Eligibility
· U.S. citizen or permanent resident
· 18 years of age or older
· Enrolled in a LoanAmerica™ certified school
· Proof of income
How to Apply
· Determine, with your financial aid advisor, how much you need to borrow
· Have your Social Security number, valid I.D. and Co-signer information ready
· Complete a LoanAmerica™ Application with your financial aid advisor at your school
· Get an instant decision on your application†
· Get your money as little as five days! Funds will be disbursed directly to your school
Applying with a credit worthy co-signer may increase your chances of approval.
† Certain applications may require additional information before a credit decision can be rendered. LoanAmerica™ reserves the right to approve an amount lower than the amount certified by the school.
Important Information: Since federal student loans generally offer more attractive terms than private financing, you should always use your federal financing options first. You should only consider taking out private financing if you find that, even after your federal loans and grants, your school costs still exceed your available scholarships and financial aid. In that case, private financing could provide the remaining money you need. LoanAmerica™ urges all students to compare our products with other options, paying close attention to interest rates, fees, conditions, and terms. Before signing, review your application and contract carefully, particularly final terms, conditions, fees and interest rates.