🚀 go-pugleaf

In article <9019@netnews.upenn.edu>, binder@eniac.seas.upenn.edu (Tim Binder) writes:
> I just stopped by at our local (brain-damaged) Computer Connection, the 
> campus spot to pick up Apple equipment & discovered mention of the "Apple
> Student Loan Program" in a flyer. When I asked about it, the response was the
> typical "Huh?" followed by "We don't handle money here." With help like this,
> it's a wonder they sell anything. My question: Does anyone know anything about
> this program? I would love to pick up a IIcx before I graduate and this just
> might be the way to finance it! They do mention some details in the flyer
> (up to 10 yr payment period. Interest only while at school), but nothing is
> mentioned of WHERE to get more info.
> 	As usual, thanks in advance to all.
> 	Tim

The actual name of the program is the "Student Load-to-Own" program. Loans
can be taken out for any amount between $2000 and $40,000, with a 36 month
term for the smaller loans and up to a 120 month term for the largest of loans.

Repayment of the loan can be postponed until after you graduate from college.
While in college, you are required to only pay the interest on the loan
(somewhere around $30 a month for most normal-size loans).  You will begin
paying off the loan after graduation.

All Macintoshes are eligible for this plan, as well as all other peripherals
and software.

The interest rate for this loan is variable, with the actual rate tied to the
"bond-equivalent" rate of the U.S. Treasury Bill.  That rate is generally
much lower than that of most consumer loans.

The eligability requirements are as follows:  you must be a full-time student
at a school that grants undergraduate or graduate degrees.  Good credit
and employment records are helpful (actually, bad records are detrimental).
The one main stubling block is this: you or your cosigner must have an annual
income of $22,500 a year or more.

That's it.  If your application is approved, you will be sent a check in the
mail.  Talk to your campus reseller or representative (or me) for more 
information.

-Michael

-- 
Michael Niehaus        UUCP: <backbones>!{iuvax,pur-ee}!bsu-cs!mithomas
Apple Student Rep      ARPA:  mithomas@bsu-cs.bsu.edu
Ball State University  AppleLink: ST0374 (from UUCP: st0374@applelink.apple.com)