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Help ease the stress of paying for college expenses with an interest-only payment Parent Survival Loan. This loan really makes it easier to pay for school costs along with other living expenses and with interest-only payments for up to four years-- then take up to 72 months to repay the loan after leaving school. This is a great loan for parents financing their student’s college costs or for someone financing their own education. Check rates and Apply online today! How much do I save with the Parent Survival Loan vs. a regular unsecured loan? If you borrow $6,000 each year for four years at 10.00%, below is how much you would save between four years of interest-only payments versus a total term of 72 months. With a Parent Survival Loan, at the end of four years of interest-only payments, you will have up to 72 months of principal and interest payments. 1 | $6,000 | $111.16 per month | $6,000 | $54.28 per month | 2 | $11,230.97 | $208.04 per month | $12,000 | $108.54 per month | 3 | $15,791.88 | $292.52 per month | $18,000 | $162.82 per month | 4 | $19,768.41 | $366.18 per month | $24,000 | $217.18 per month |
Payments are calculated on a 72-month term. Monthly, bi-weekly or weekly payment options available. Why is it so great? - Make interest-only payments while student is enrolled* in school full-time
- Opportunity to qualify for additional money each school year or each semester
- Lower payments while student is in school
- No prepayment penalty
- Pay interest only on what you need
- Principal reduction can be done at any time
- Loan can help build student’s credit
- Can be used for any college expenses including housing, food, books... anything!
How does it really work? Apply Now or feel free to contact us with any questions.
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