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Whether you've just graduated from high school
or you're going back to college, the START
Undergraduate Loan could be for you.
Students enrolled at least half-time can
borrow from $1,500 to the estimated annual
program expense at your school ($30,000
annual maximum, $130,000 aggregate maximum).
Three repayment options available —
including full deferral of both principal
plus interest until six months after you
graduate or leave schools!
For more information:
download
the START Undergraduate brochure
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competive
interest rates |
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fast,
easy, no hassle application |
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no application fees
or other out-of-pocket fees |
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funding in as few
as 5 business days from receipt of completed
application |
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preliminary approval
in as little as 15 minutes if applying
by web or phone |
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generous loan amounts:
see loan limits |
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repayment may be
deferred until after graduation |
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no prepayment penalty |
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available for past
due tuition balances, too |
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funds disbursed
directly to you! |
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borrow
annually up to the lesser of $30,000
or the estimated annual cost of attendance |
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$130,000
aggregate maximum borrowing limit |
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$1,500 minimum loan
amount |
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choose
from 3 different repayment options,
including payment deferral until six
months after you graduate or cease to
be enrolled in school at least half-time |
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favorable repayment
terms* |
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no pre-payment penalties |
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minimum monthly
payment of $25* |
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an undergraduate
student enrolled in a degree or certificate
program |
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enrolled at least
half-time as defined by your school
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attending a TERI-approved
school* (call 1-800-255-TERI) to confirm
eligibility of school) |
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proof of enrollment
must be provided |
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You
must meet the credit guidelines below
(a co-signer may be required): |
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satisfactory
credit history, residence and employment
history of at least two
years |
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proof of current
income |
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if self-employed,
verifiable business income for at least
two years |
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U.S. citizen or
permanent resident and have resided
in the U.S. for the previous two
years |
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international students
must apply with a qualified credit-worthy
U.S. citizen or permanent resident co-signer |
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immediate
repayment:
pay principal and interest in a fixed
monthly amount beginning approximately
45 days after funds are disbursed. |
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interest-only
payments:
defer principal and pay only interest
while you are enrolled in school for
up to four consecutive years (up to
five years if enrolled in a five-year
program).
Interest payments begin approximately
45 days after disbursement. Repayment
of principal and interest begins approximately
45 days after you graduate or cease
to be enrolled at least half-time |
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deferred
principal and interest repayment:
make no payment while in school for
up to four consecutive years (up to
five years if enrolled in a five-year
program).
Repayment of principal and interest
begins approximately 180 days after
you graduate or cease to be enrolled
at least half time in school. Deferred
interest is capitalized quarterly
prior to repayment and once at repayment. |
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