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Option 1:
You
can pay your full balance of your tuition on or before the
first day of school with a single payment using cash, check,
or major credit card.
Option 2:
You
can elect a four-bimonthly-payment plan. This plan is handled
internally by AKS at a fixed 9% annual percentage interest
rate (APR). Your first payment is due by the first day of
class. The remaining three payments are due at the beginning
of the third, fifth, and seven months of school.
Option 3:
You
can elect a ten-payment plan by applying for a student
loan
with TFC Financial Corp. These loans are at a fixed 9%
APR, and the loan must be fully paid off prior to graduation.
Your first payment is made to AKS on or before the first
day of class. You will receive a payment coupon booklet
from TFC, and will you will mail your remaining nine payments
to TFC on or before the first day of the second through
the tenth months. Optionally, you can prepay the balance
of your loan at any time without penalty.
Option 4:
You
can apply for a student loan with SLM Financial Corp. (a
subsidiary of Sallie Mae). The annual percentage interest
rate on these loans is quoted on a case-by-case basis, but
typically ranges between 6 and 12 percent. A portion of
the quoted interest rate includes an administrative fee.
The quoted interest rate generally reflects the credit history
of the applicant and can often be reduced by using a co-borrower.
SLM loans can be taken out for up to 15 years, and there
are options to make interest-only payments or to have all payments deferred until you graduate.
Additionally, you can request a supplemental sum of up to
$3000 to cover non-tuition expenses. You can prepay the
balance of your loan at any time without penalty.
The interest
rate on an SLM loan is "variable" and is adjusted
on an annual basis to reflect changes in the Prime Interest
Rate. If you are interested in exploring an SLM loan,
you should "apply" for the loan a week or two
before class begins by using the on-line quotation request
form to be found at https://www.slmfinancial.com and follow the links for the careeer training loans.
Use AKS's "school code" of 605221. Applying
on-line does not commit you to taking the loan that is
offered to you. The loan is not "official" until you sign
the loan papers at school, so you can apply solely for the
purpose of seeing what interest rate will be offered to
you.
Option 5:
You
can seek financing on your own from any third-party lending organization
of your choice. Financing arrangements with third-party lender other than those cited in Options 2 through 4 should be completed in advance of the commencement of classes, so the lender can provide you with the funds topay your full balance of tuition by the first day of classes. Military veterans should note that AKS has been approved by the Department
of Veterans Affairs for veterans' benefits.
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