Act Education Loan for K-12 Students
To be ahead in life you have to start early and to do so your basic schooling is very important. It is the starting steps that make the base of your career. People generally think that loan programs are geared towards college but what if the student requires assistance for high school, preparatory school or other specialized education. At this point of time Act Education Loan programs provide funds for various educational expenses like tuition, tutors, uniforms, computer education, previous school fees and other expenses.
Act Education Loans for K-12 Students offers a loan specially made for the parents or other involved adults like guardians, relative or friends of elementary, secondary and preparatory school students the need finance for education. The Benefits of Act Education Loans for K-12 is:
- No FAFSA Required
- Affordable Interest rates
- Easy Application Process
- No any application charges or other miscellaneous charges
- Loan is granted within 5 days after completing the application
- Preliminary approval is provided within 15 minutes if applied via web or phone
- Annual maximum is 100% of your cost of education minus other aid that you had taken so far on the basis of school certification
The money that you got from this loan can be used in all kinds of educational expenses and to pat the balances from current or previous academic periods.
The Act Education Loan for K-12 Loan Students limits are:
- You can borrow up to $30,000
- Can get $130,000 aggregate maximum borrowing limit
- The minimum loan limit for this loan is $1500
The Act Education Loan for K-12 students Eligibility is:
- It is given for elementary or secondary school student
- Student is enrolled in a Teri approved school
- Student is performing well and it should be mention in their school
- Satisfying Credit Records and a cosigner may required
- Income Proof or at least two years business records
- U.S. Citizenship / Permanent Residency for at least two years
The borrowers have three repayment options. That are,
- Immediate Repayment after loan disbursement
- No Pre-payment penalties
- Minimum monthly payment as low as $25
If you are a responsible guardian and want to see your kid doing best studies then choosing the Act Education Loan for K-12 students will be the nice start for it.