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Tuition Relief Education Loan
Helping You Succeed
 
AFC's Tuition Relief Education loan offers a no-fee solution to education finance. The Tuition Relief loan can be used for all educational expenses and is available to undergraduates and graduates. With generous loan limits and competitive rates, the Tuition Relief loan can meet all your education loan needs.
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Tuition Relief Education Loan Benefits*
• Zero fees for origination, disbursement, repayment or guarantee
• A .25% interest rate reduction with auto debit
• Interest rate (loans with cosigner):
• Excellent Rating- Prime -.50%
• Very Good Rating- Prime + 0.00
• Good- Prime + 1.00
• Interest rate (loans without a cosigner):
• Excellent Rating- Prime -.50%
• Very Good Rating- Prime + 0.00
• Good- Prime + 1.50
Once approved, borrowers will be notified by e-mail with a qualifying interest rate
 
* Offered by Academic Finance Corporation through the originating lender. The following repayment scenarios provide representative examples of rates and fees for applicants with different credit profiles. The actual rates and fees applicable to your loan may vary due to credit history and repayment plan selected. The APR is a variable rate and may increase if the Prime rate increases. The addition of a co-signer may lower the rates and fees associated with your loan.
Borrower With Co-Signer
Rate APR1 Payment2
Prime+0.00% 6.84% $130.32
Prime+1.25% 7.95% $145.20
Prime+1.25% 9.46% $167.90
1 - APRs range from 6.84% to 10.30%
2 - The repayment term is determined when the borrower enters repayment and is based on the then outstanding principal balance of all borrowings made under the loan program.

Assumptions: A $10,000 loan amount borrowed freshman year, disbursed in two $5,000 increments 120-days apart, and a constant Prime Rate of 7.25%. Principal and interest payments begin after the 48-month In-School Deferment and 6-month Grace periods end. Repayment months = 156.

Borrower Without a Co-Signer
Rate APR1 Payment2
Prime+0.00% 6.84% $130.32
Prime+1.75% 8.38% $151.47
Prime+3.50% 9.88% $174.80
1 - APRs range from 6.84% to 11.19%
2 - The repayment term is determined when the borrower enters repayment and is based on the then outstanding principal balance of all borrowings made under the loan program.

Assumptions: A $10,000 loan amount borrowed freshman year, disbursed in two increments 120-days apart of $5,000 each, and a constant Prime Rate of 7.25%. Principal and interest payments begin after the 48-month In-School Deferment and 6-month Grace periods end. Repayment months = 156. For Prime+ 3.50% borrowers: Repayment months=180.
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  Academic Finance Corporation • One West Boylston Street, Chadwick Court • Worcester, MA 01605
Toll Free: 1-877-AFC-4322 • www.afclending.com		  

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