Student Loan Information
Financial assistance for technical training programs is through private lenders. No matter who is the provider, all training providers tend to go to the same lenders such as Key Bank, Sallie Mae or Wells Fargo. Do not let slick ads trick you into believing some training business can connect you with more or better financial aid than Stetson University. In fact, because Stetson University is a nonprofit educational institution our students often receive preferential loan treatment as compared to for-profit training venders.
In general, loan companies provide a number of options for repaying career development loans. The exact interest rate and repayment schedule will depend on an applicant's credit history. Many of Stetson University's MCSE loan applicants get 10 year loans for about $6,800 with an interest rate between 7½ and 10 percent. This results in a monthly loan repayment of around $90 per month. In most cases the first loan repayments can be deferred up to a year so students can hopefully be in the IT field before the first payment comes due.
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