EducLoan Express for AMA Education System Students

EducLoan Express for AMA Education System Students – AMA Education System and Radiowealth Finance Company is offering Financial Assistance for AMA students dubbed AMA EducLoan Express. Qualified freshmen and transferees can enjoy a student loan for this school year 2010-2011, wherein one-year tuition fees can be paid in installments over a two-year period and two-year tuition fees over a four-year period. Monthly interest is low at .85% per month. If also offers fast credit decision and credit evaluations are completed within three days.

What is AMA EducLoan Express?
AMA EducLoan Express is financial assistance in the form of a loan extended to students by AMA Education System and Radiowealth Finance Company (RFC) to help parents who want their kids to go to college now but are a little short on cash.

Who can avail of AMA EducLoan Express?
Qualified high school students and transferees who want to enroll at AMA University/College, ABE International Business College, ACLC, AIIT and St. Augustine can avail of the program. Just go to selected AMA school/branch, and fill out the application form. The school will then endorse the application RFC. RFC will get in touch with you and advise you of the document/collateral requirements.

How much will I be able to loan?
This will depend on the credit evalution. If your loan is approved, RFC will pay the annual tuition fee in full directly to AMA and you can pay it back in installment over a two-year period. For a two-year tuition fee loan, you can pay back over a four-year period.

What if the approved amount is less than the cost of the full-year tuition?
The first semester will be paid in full. Any deficit will be covered by you in the final semester. In the case of AMA University/College which is trimestral, the arrangement may vary slightly.

How much is the interest rate?
Very reasonable. As low as .85% per month.

How long will be the processing take since classes have already begun for some AMA schools?
RFC will be able to give you a credit decision within three days from the time you submit complete documentation. As soon as you receive a favorable credit decision, a notice will be given to the AMA school/branch of your choice and the student can enroll already.

What makes AMA EducLoan Expess better than other student loan programs available?
Most long term loans are structured with interest being paid first before you even start paying for the principal. With AMA EducLoan Express, you pay for both principal and interest with the fits payment you do.

Will someone be able to explain to me all the details of the programs? Like what happens when my payments are delayed or if I default on one of or a few of the payments?
Yes, RFC can answer all your questions.

For more information on AMA EducLoan Express, call (02) 373-3901 or 0921-4079389