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What's the difference between Title IV Funding and using the Sallie Mae Career Loan?
The bottom line is that you save thousands of dollars in interest charges by taking advantage of your eligibility
of Title IV funding. The SLM Career Loan charges an interest rate of up to 6% above the prime lending rate.
Currently you would pay up to 12.25% on this loan and interest charges accrue immediately. Here's a simple
cost comparison using the example that the student qualifies for Title IV funding:
In this scenario the student saves almost $20,000 in interest payments for financing their education by taking
advantage of their eligibility for Title IV funding. An option offered only through attending Crum's Beauty
College. Additionally, loan payments are about the same amount but the Crum's student pays their loans off in
5 years compared to 15 it would take to pay off an SLM Career loan with the same monthly payment.
Our financial aid department has experts available to assist you in helping to make your new career an
affordable one. Our Financial Aid Officer has more than 15 years experience in assisting students find financial
aid and scholarships. Please contact us at (785) 776-4794 or email us at financialaid@crumscareer.com with
all of your questions about Title IV funding or to schedule an appointment to explore financing possiblities.
Since Crum's Beauty College is a nationally accredited institution and approved through the US Department of
Education, we offer Title IV funding to students who qualify. This funding includes but is not limited to the
following:
Pell Grants: The Pell Grant program offers government funding to students who qualify. This form of
government financial aid does not require repayment.
Supplemental Educational Opportunity Grant: A government grant program that offers money to qualified
students. As with the Pell Grant program this money is never repaid.
Subsidized Stafford Loans: A loan program that provides money for school to all students who qualify.
Students do not have to produce a credit report to qualify for this program. Collateral is not necessary to
secure the loan. Payments and interest on the loan are deferred until 6 months after graduation. Payments
and interest are very affordable.
Unsubsidized Stafford Loans: A loan program that provides money for school to independent students who
have reasonable credit. Collateral is not required to secure this loan and payments may be deferred until after
the student graduates.
Parent Loan for Undergraduate Students: A loan program that provides money for school to dependent
students whose parents have reasonable credit. Collateral is not required to secure this loan and payments
may be deferred until after the student graduates.
Scholarships: Contact Crum's Financial Aid office for a list of scholarships Crum's Beauty College Students
typically qualify for.
Applying for Financial Aid: Finding out if you qualify for government grants and loans is a simple process but
the paperwork can appear complicated. Our financial aid office is more than willing to assist you. We can
perform calculations right at our campus and let you know how much money you qualify for. Materials required
to perform calculations are:
For Independent* Students: The past two years of the student's federal income tax statements.
For Dependent* Students: The past two years of the student's and the student's parent's federal income tax
statements
*Please contact our financial aid office via telephone and we will assist you in discovering your dependency
status and tell you what to bring or complete and submit our online information request form and we'll contact
you.
The bottom line is that you save thousands of dollars in interest charges by taking advantage of your eligibility
of Title IV funding. The SLM Career Loan charges an interest rate of up to 6% above the prime lending rate.
Currently you would pay up to 12.25% on this loan and interest charges accrue immediately. Here's a simple
cost comparison using the example that the student qualifies for Title IV funding:
In this scenario the student saves almost $20,000 in interest payments for financing their education by taking
advantage of their eligibility for Title IV funding. An option offered only through attending Crum's Beauty
College. Additionally, loan payments are about the same amount but the Crum's student pays their loans off in
5 years compared to 15 it would take to pay off an SLM Career loan with the same monthly payment.
Our financial aid department has experts available to assist you in helping to make your new career an
affordable one. Our Financial Aid Officer has more than 15 years experience in assisting students find financial
aid and scholarships. Please contact us at (785) 776-4794 or email us at financialaid@crumscareer.com with
all of your questions about Title IV funding or to schedule an appointment to explore financing possiblities.
Since Crum's Beauty College is a nationally accredited institution and approved through the US Department of
Education, we offer Title IV funding to students who qualify. This funding includes but is not limited to the
following:
Pell Grants: The Pell Grant program offers government funding to students who qualify. This form of
government financial aid does not require repayment.
Supplemental Educational Opportunity Grant: A government grant program that offers money to qualified
students. As with the Pell Grant program this money is never repaid.
Subsidized Stafford Loans: A loan program that provides money for school to all students who qualify.
Students do not have to produce a credit report to qualify for this program. Collateral is not necessary to
secure the loan. Payments and interest on the loan are deferred until 6 months after graduation. Payments
and interest are very affordable.
Unsubsidized Stafford Loans: A loan program that provides money for school to independent students who
have reasonable credit. Collateral is not required to secure this loan and payments may be deferred until after
the student graduates.
Parent Loan for Undergraduate Students: A loan program that provides money for school to dependent
students whose parents have reasonable credit. Collateral is not required to secure this loan and payments
may be deferred until after the student graduates.
Scholarships: Contact Crum's Financial Aid office for a list of scholarships Crum's Beauty College Students
typically qualify for.
Applying for Financial Aid: Finding out if you qualify for government grants and loans is a simple process but
the paperwork can appear complicated. Our financial aid office is more than willing to assist you. We can
perform calculations right at our campus and let you know how much money you qualify for. Materials required
to perform calculations are:
For Independent* Students: The past two years of the student's federal income tax statements.
For Dependent* Students: The past two years of the student's and the student's parent's federal income tax
statements
*Please contact our financial aid office via telephone and we will assist you in discovering your dependency
status and tell you what to bring or complete and submit our online information request form and we'll contact
you.
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