The FOCUS Consumer Education Loan

For many students and their families, our private loan offers the perfect way to cover unmet education costs.

• APR as low as 7.35% with no fees¹
  - Variable interest rates start at 3-month LIBOR plus 2.00%
  - Fees as low as 0.0%²
  
• Instant credit decisions
  - Over the phone or online
  
• Cover all your education costs
  - Borrow as much as the total cost of education minus any financial aid received
  - Borrow each year if needed
  
• No in-school payments required
  - Defer all payments while in school
  - Choose to make interest-only payments
  - Pay principal and interest immediately
  
• Low monthly payments
  - Monthly payments as low as $108.91 on a $10,000 loan³
  - 20-year repayment term
  - No prepayment penalty
  
• 0.25% interest-rate discount
  - Receive a discount when monthly payments are automatically deducted from a checking or savings account

Eligibility Requirements

To be eligible for a FOCUS Consumer Education Loan:

• Student must be enrolled at least half-time.
  
• Borrower(s) must be at least 18 years old.
  
• Borrower or co-borrower must have an established credit history.
  
• Borrower or co-borrower must be a U.S. citizen or permanent resident.
  
• International students may apply with a co-borrower who is a U.S. citizen or permanent resident.

It’s Easy to Apply

Every borrower’s situation is different. That’s why we offer three convenient borrower options.

• Student as borrower - Choose this option if the student has an established credit history and can qualify on his/her own signature.
  
• Student with co-borrower - If the student doesn’t meet the minimum eligibility requirements on his/her own, he/she can apply with a creditworthy co-borrower.
  
• Sponsor(s) as borrower(s) - This option is for parents or other creditworthy borrowers who wish to apply on a student’s behalf and take full responsibility for the loan.

Borrowing Tip: Even if the student meets the minimum credit criteria, applying with a creditworthy co-borrower may provide the most favorable loan terms.

The Focus Consumer Education Loan is offered by AFC in cooperation with Education Finance Partners. AFC is the marketing agent for the originating lender.

Footnotes
1 - The Annual Percentage Rate (APR) is calculated based on the 3-Month LIBOR Index plus a spread. The spread will be determined based significantly on the borrower’s credit rating. The London Interbank Offered Rate Index (LIBOR) is an average of the interest rates that major international banks charge one another to borrow U.S. dollars in the London money market. The LIBOR index is published daily in the “Money Rates” section of the Wall Street Journal. The 3-Month LIBOR Index in effect for the second quarter 2007 (04/01/07–06/30/07) on the FOCUS Consumer Education Loan is 5.35%. The lowest APR available for this period is 7.35%, assuming principal and interest payments begin immediately and there are no fees. The interest rate/APR is variable and may increase over the life of the loan.

2 - A loan origination fee may be incurred at disbursement depending on the credit rating of the borrower.

3 - This payment example is accurate for the second quarter 2007 (04/01/07–06/30/07). It assumes that the borrower qualifies for the lowest interest rate of 7.35% and incurs no fees on a $10,000 loan, payments are deferred for the first 60 months, and payments are made for the next 240 months. The interest rate/APR is variable and may increase over the life of the loan.

Updated: 04.19.2007