Pacific College of Oriental Medicine News & Events

When the Ten Thousand Things are seen in their Oneness, We return to the Origin where we have always been. - Sengtan

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Oriental Medicine Newspaper

NEWS RELEASE

April 25, 2002

For More Information Contact: Rebecca Wilkowski, Phone: (800) 729-0941

Alternative Funding Now Available to Students

Massage certificate students and conditionally accepted Masters degree students at Pacific College of Oriental Medicine are now eligible for the Educaid Select Loan, an alternative loan designed to help students meet loan needs not met by government financial aid, grants, scholarships and parents.

Both undergraduate and graduate students qualify and must be enrolled at least half time and have an acceptable credit history. To apply, students must be at least 18 years of age and a U.S. citizen or permanent resident. Foreign students may apply with a creditworthy U.S. citizen or permanent resident co-borrower.

Interest rates and fees for the Select Loan are based on the quality of the student’s or co-borrower’s credit. Those with the best credit will get the lowest rates. Currently, the loan’s interest rates range from the Prime Rate plus 0.5% to the Prime Rate plus 2%. The loan’s maximum annual loan amount is $15,000 and the maximum lifetime amount is $125,000. Students can defer repayment for up to 48 months, allowing time to study for professional exams or find the right employment opportunity.

The Select Loan also offers cost savings repayment incentives, such as a 1% interest rate reduction after making the first 48 scheduled monthly payments on time and a 0.25% interest rate reduction for having scheduled payments automatically withdrawn from the student’s bank account.

For more information on financing a career in Massage or Acupuncture and Oriental Medicine, please contact Pacific College of Oriental Medicine at (800) 729-0941.

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