50%

5852 users shared this document! click

*Based on the Prime Rate as of 02/03/2005, a 0% margin due to good borrower credit history and a 0.25% interest rate reduction for auto-debit. APR may be adjusted monthly based on changes in the Prime Rate or the margin. EduCap Inc. is
the Program Administrator for the Loan to Learn Consolidation Loan Program. EduCap Inc. ® is a Registered Trademark and Loan to Learn ™ is a trademark of EduCap Inc. EduCap reserves the right to modify or discontinue this program at any time without notice, however, loans disbursed prior to any such modification or discontinuation will not be affected. Student Loan Xpress and logo are Registered Trademarks of Student Loan Xpress, Inc.
© 2005 Student Loan Xpress, Inc. All Rights Reserved. LTL-001 02/05 Lower Your Monthly Payment Up to or more! 50% Refinance your private education debt with one lender and… Loan Benefits With a Loan to Learn Consolidation Loan, you can take advantage of these benefits: • Borrow from $10,000 up to $250,000
• Can be used for any education-related expenses
• One bill, one payment, one lender
• Parents can consolidate loans for one or more children
• Lower monthly payments
• 0.25% interest rate reduction for auto-debit of your loan payments from your bank account • Flexible repayment options
• Competitive interest rates and fees
• Easy to apply
• No deadlines
• No prepayment penalties
• Pre-approval in minutes Contact our Loan Specialists 7 days a week at (866) 311-4097 or apply online at http://www.xpressprivateloan.com Student Loan Xpress ® introduces the Loan to Learn TM Consolidation Loan offered through our partnership with EduCap Inc. ® A loan designed to help borrowers consolidate all their education-related expenses into one bill,
and enjoy lower monthly payments. Now, you will have more cash available by combining all your education loans into one Loan to Learn Consolidation Loan. What can be consolidated? The Loan to Learn Consolidation Loan can be used to consolidate any education-related debt or expense. These expenses include tuition, room and
board, school fees, off-campus rent, computers and equipment, or travel
expenses previously financed by any of the following: • Private education loans (any non-government education loan) • Loans from retirement plans
• Loans from insurance policies
• Home equity loans
• Credit cards or loans used for computer purchases
• Loans used for travel expenses for school Pre-Approval in Minutes Enjoy instant pre-approval with final approval and disbursement within two business days of receipt of your loan documents. APPLY TODAY! Low Interest Rate With rates as low as 5.25% * , the Loan to Learn Consolidation Loan
makes paying your education debt
easy and affordable.






Loan to Learn TM Private Loan Consolidation
Eligibility, Rates and Fees
Who is eligible for a Loan to Learn Consolidation Loan?
Any U.S. citizen or permanent resident of legal age in their state of residence with outstanding education-
related expenses can apply for a Loan to Learn Consolidation Loan.

How much can I borrow?
Minimum: greater than $10,000; Maximum: $250,000

How is the interest rate determined for a Loan to Learn Consolidation Loan? The interest rate for a Loan to Learn Consolidation Loan is the Prime Rate, adjusted monthly (5.50% as of
2/03/2005), plus a margin depending on your credit history. The margin will initially be between 0.00% and 8.90%
but may be adjusted based upon changes in the Margin Adjustment Index. With rates as low as 5.25%*, the Loan
to Learn Consolidation Loan makes paying your education debt easy and affordable.
What kind of debt can be consolidated? Loan to Learn Consolidation Loans can be used to consolidate all education-related debt, including all private
loans used for education-related expenses as well as any federal student loans.
Note: While Loan to Learn can consolidate federal student loans, you may want to consider a federal consolidation
loan as it is subsidized by the government and offers a lower interest rate.
Can I consolidate loans for more than one student? Yes, parents can consolidate the loans of one or more children. Also, spouses can consolidate their loans into one
Loan to Learn Consolidation Loan.
How are the monthly payments determined?
It all depends on your maximum repayment period and the repayment plan you select. Consolidation can
extend your repayment period up to 25 years, which in turn can reduce your monthly payment significantly.
The term of your loan will depend on your loan balances.

Are there any fees for a Loan to Learn Consolidation Loan?
There is an origination fee that is determined by the loan amount and credit evaluation. This fee can range
from 0% - 9% of the principal amount of your loan and is added to and financed with the loan amount.

Using Your Loan

What can a Loan to Learn Consolidation Loan be used for? Loan to Learn Consolidation Loans can be used to consolidate all private education loans, federal student loans
and can be used to obtain funds for upcoming education-related expenses such as tuition, room and board, off-
campus housing, living expenses, transportation, books, fees (even a computer) and a previous year's school fees.
Applying For A Loan

What information do I need to provide to apply for a Loan to Learn Consolidation Loan?
When you call 1-866-311-4097 or apply online, please have the following information available: • Full name • Date of birth • Social Security Number • Permanent address and number of years at that address • Previous address if less than one year at current permanent address • Home telephone number • Temporary school telephone number • Employer and how long employed • Employer address(es) and telephone number(s) • Gross annual salary • Previous employer if less than one year at current employer • Previous employer address(es) and telephone number(s) • Monthly rent or house payment • Reference: nearest relative or friend not living with you. Must be different than reference for co- borrower (Name, Address, Home / Business Telephone Number).
How long does it take to be approved for a Loan to Learn Consolidation Loan? Pre-approval occurs in as little as three minutes with final approval occurring as quickly as possible after you return
all the required documentation and signed forms. We review and verify the paperwork within two to three business
days after we receive it, and the loan funds are disbursed within two business days after the process is
successfully completed. However, it is important that you continue making payments on debts to be consolidated
until you receive notification informing you of final approval.
How can I check my loan's status or learn when I might be approved? Loan Specialists are available from 9 a.m. - 9 p.m. Eastern Time Monday - Friday, and Saturday 11 a.m. - 2 p.m.
Eastern Time. You may also check the status of your loan, review your balance or make a payment 24 hours a
day, seven days a week online.
If I choose to return my application by fax, what is the fax number?
The fax number for processing your application is (719) 574-4101.

If I choose to apply online, what is the web address?
You can apply online at www.xpressprivateloan.com .
What is an acceptable proof of income?
Acceptable proof of income includes: • W-2 form, which must be from the previous tax year. • Pay stub, which must be dated within the past 90 days and must indicate the applicant(s) name and Social Security Number, company name and gross annual salary to date. • Letter from employer, which must be on company letterhead and must state that the applicant(s) is employed with details on her/his annual income (or hourly wage plus hours worked per week). The
letter must be signed and dated and must have a verifiable contact phone number.
Acceptable proof of income must be provided before final loan approval.

What is an acceptable proof of enrollment?
Acceptable proof of enrollment includes one of the following items: • A copy of your tuition bill from the school, or • A copy of your acceptance letter from the school verifying enrollment, or • A copy of your registration schedule from the school printed with your name
Note: We only need proof of enrollment if you are seeking to consolidate a new education loan with us or if
you are seeking to defer your payments (interest only) during an in-school period.

Is applying online secure?
Loan to Learn's application process and account management tools have been designed to meet industry
standards in website security. The site uses Secure Sockets Layer (SSL) encryption to ensure that all
information transmitted is secure and accurate. Additionally, all account and financial information is stored on
our secure database — not on our website server. For more information on privacy, please see our Privacy Policy at http://www.loantolearn.com/about/privacy_policy.asp.
Repayment

How long do I have to repay the loan?
The repayment term is based on the total loan balance. The maximum repayment term is 25 years.
What are my repayment options?
You can begin repaying the loan's principal and interest immediately; or you may defer paying the principal of the
loan for up to 3 years after the loan is disbursed or 6 months following graduation or if the student leaves school,
whichever comes first. Deferment provides borrowers with a lower monthly payment while in school. Only students
that are still in school and have current proof of enrollment certifications may qualify for this option.

Is there a "grace period" before I begin repayment?
You can defer paying the principal of the loan for up to 3 years after the loan is disbursed or until 6 months
following graduation or if the student leaves school, whichever comes first. Only students that are still in school
and have current proof of enrollment certifications may qualify for this interest only option. During this period, you
will only pay interest charges.
Can I make payments online?
If you are an existing borrower and have signed up to use the My Account area of the site, you can make
online loan payments. You can also check account activity, update your contact information and view other
account information in the My Account area.

Are there any death or disability forgiveness provisions with this loan?
No. Similar to many other private loans, the Loan to Learn Consolidation Loan does not have any death or
total and permanent disability forgiveness provisions that would be available with federal student loans.

Are there any benefits for paying with an auto debit set-up?
Yes! We offer ¼% interest rate deduction if you make your loan payments automatically from a checking or
savings account.

Customer Service

What are the Loan to Learn customer service hours?
You may apply for a Loan to Learn Consolidation Loan or check the status of a loan by calling us toll-free at
(866) 311-4097.Representatives are available from 9 a.m. - 9 p.m. Eastern Time Monday - Friday, and
Saturday 11 a.m. - 2 p.m. Eastern Time. You may also check the status of your loan, review your balance or
make a payment 24 hours a day, seven days a week online.

Source: www.loantolearn.com 02/16//05

*Based on the Prime Rate as of 02/03/2005, a 0% margin due to good borrower credit history and a 0.25% interest rate reduction for
auto-debit. APR may be adjusted monthly based on changes in the Prime Rate or the margin . EduCap Inc. ® is the Program Administrator for the Loan to Learn Consolidation Loan Program. EduCap Inc. ® is a Registered Trademark and Loan to Learn™ is a trademark of EduCap Inc. EduCap reserves the right to modify or discontinue this program at any time without notice, however, loans
disbursed prior to any such modification or discontinuation will not be affected.

Comments