Professional Documents
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APTA Endorsed
APTA has carefully selected Education Association Services (EAS) Group, LLC and American Student Loan Consolidation Corporation (ASLCC) as the exclusive provider for the APTA Endorsed Education Consolidation Loan Program
ASLCC
American Student Loan Consolidation Corporation (ASLCC) is the nation's preeminent company specializing in Education Consolidation Loans. Working with the country's largest guarantors and lenders, ASLCC staff and management are thoroughly trained to ensure that former borrowers make informed decisions and obtain the best plan for their needs.
Background
EAS and ASLCC have helped thousands of former student and parent borrowers save money on their education loans while making the process of repayment easier. EAS and ASLCC has consolidated over $100 million in student loans and is the exclusive loan consolidation source for over 20 professional association, colleges and universities and organizations.
Maximum Term
12 years 15 years 20 years 25 years 30 years
Example
Example: Outstanding loan balances of $3500 (7%) $3200 (5%) $5500 (9%) = $12,200
Step 2
Add the results of all calculations made under Step 1 $245 + $160 + $495 = $900 Divide this sum by the total outstanding balance $900 $12200 = .07377 or 7.377%
Example
Example: Outstanding loan balances of $3500 (7%) $3200 (5%) $5500 (9%) = $12,200 Step 2 Round the result of Step 2 up to the nearest eighth of one percent, not to exceed 8.25% 7.377% is rounded up to 7.5%
Repayment Options
Repayment Options
Graduated: Monthly payments start low and gradually increase at specified levels.
Repayment Options
Loan Amount Current Level Graduated Months Payments (1st Two Years)
$20,000
$40,000 $60,000 $80,000
$198
$116
$60
$119 $179 $238
240
300 360 360
$100,000
$989 $450
$289
350
Summary:
The Advantages of Consolidation
Extended repayment period Lower monthly payments No fee to consolidate No penalty for prepayment Locked-in interest rate Eligible for death claim
Repayment Tips:
Repayment Tips: