BANK BRANCHES AVAILABLE FOR TUITION LOANS
Below are links to two important files:
1.) A Tuition Loan Application
2.) Bank Branches you can use
BANK FINANCING INFORMATION
The school has negotiated with Trustmark National Bank to provide bank financing for families who wish to make monthly tuition payments. Trustmark has committed to an interest rate of ½% above the prime interest rate at the time of the loan agreement with the school. Financing is available for all or part of the tuition and fees excluding the registration fee. There will be a loan processing fee of $100.00 payable to the school for this service which can be added to the loan.
The school guarantees all tuition loans. The parents of any student who is accepted by the school can finance a tuition loan with the bank. Parents who have defaulted on a previous loan will not be eligible for the school guaranteed loan.
There is no credit check. The loan does appear on your credit record but does not generally affect qualifying for other credit due to the number of payments as 12 months or less. Defaulting on the loan will appear on your credit report. The bank will send past-due notices and make collection on this loan as it does with any commercial loan.