Financial Aid

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Berkleemusic provides flexible payment plans and works with a number of educational loan providers to make the investment in your musical education as manageable as possible. Preferred loan programs with the nation's most respected banks, employer tuition assistance, military benefits, and our Flexible Payment Tuition Plans for Certificate Programs allow students the opportunity to pursue their education for as little as $50 a month.

It is recommended that students who are interested in pursuing financial aid do so well in advance of the term start dates as processing times vary depending upon the program.

For more information, contact our online Continuing Education Registrar, or call 1.866.BERKLEE (1-866-237-5533) .

Flexible Payment Tuition Plans for Certificate Programs

Students have the option of paying for their entire certificate program up front (to receive 10% off the total cost of the program) or use our Pay Per-Term plan.

• Students enrolled in any certificate program can pay for their program on a per-term basis.
• A one time $150 registration and technology fee will be due at the time of enrollment into the certificate program.
• Each term’s tuition is due two weeks prior to the start of your course(s). Tuition must be paid in order to access the course and receive materials included with the course.

Non-Federal Education Loan Lenders

At this time, students cannot use federal financial aid towards Berkleemusic.com courses or programs. They can, however, use one of our preferred loan programs below. To expedite the process of applying and receiving a loan, students are strongly encouraged to only use one of the recommended loan programs below. Using a loan program outside of what is recommended could cause a student's approval to be delayed or denied. If a student wishes to choose an alternate loan program, they are asked to contact the Continuing Education Registrar for approval.

	Student Benefits Exclusive SunTrust Graduation Reward -- $300 principal reduction on every SunTrust Academic Answer loan upon graduation. No upfront or origination fees for the Academic Answer Loan. However, there may be a repayment finance charge depending on your, or your cosigners, credit history. Applying with a qualified cosigner may reduce your fees. Lower your interest rate by 0.25% when you choose to have your payments automatically deducted from your personal bank account Rates between one-month London Interbank Offered Rate (LIBOR) + 2.5%, and One-month LIBOR + 8. Defer payments until after graduation. Six month grace period while you find a job. Generous repayment terms. To be eligible, you must be enrolled at least halftime and meet other eligibility requirements listed below: Must be a U.S. citizen or permanent resident or have a cosigner who is. You must be the legal age of majority or at least 17 years of age with a cosigner who is legal age of majority. Your permanent residence is NOT in Texas, Wisconsin, Washington, or Iowa. (There is no state restriction for cosigners.) Many borrowers will need a cosigner. Borrowers without a cosigner must have at least 27 months of established credit history. For more information please visit the following: http://academicanswer.suntrusteducation.com/moreinfo.html http://academicanswer.suntrusteducation.com/faq.html Click here to apply now http://academicanswer.suntrusteducation.com/applynow.html
	The Sallie Mae Continuing Education loan is a private, credit-based loan that is specifically designed to provide financing for students not seeking degrees and for part-time students seeking degrees. The loan can be used to cover the cost of attendance, including tuition, books, fees, a computer, and even living expenses. Student Benefits: Interest Rates currently between one-month London Interbank Offered Rate (LIBOR) + 6.5%, and One-month LIBOR + 11.5%. Applications can be approved and checks mailed within 48-72 hours. The tuition amount will be sent directly to Berkleemusic while any additional amounts requested go directly to the student. Flexible repayment options. Covers tuition and education-related expenses. Students can check the status of their application online. Important Information for borrowers If you are unsure of your credit worthiness, you should apply with a cosigner. There are benefits of applying with a cosigner which are: A potential lower interest rate and loan fee if the cosigner has a significantly better credit rating than the applicant. Adding a cosigner will assist you with a loan approval and may allow the applicant to begin establishing a solid credit history. After making 24 consecutive, on-time monthly payments of principal and interest, your cosigner may be removed from the loan. Apply online today: Click here to apply. When applying be sure to only choose ONE loan disbursement date which coincides with the term you are applying for. Berkleemusic cannot accept loans with more than one disbursement date. In addition, please note that you may be able to decrease your interest rate by applying with a qualified co-signer. You MUST be enrolled in a program in order to have your loan application certified. If you are paying for your program in full the tuition amount on the loan application should reflect the 10% discount. Note: Sallie Mae Continuing Education Loans are private, credit-based loans and are not federally sponsored or guaranteed.
	Student Benefits: Students can borrow $1,000 - $25,000 annually, based on the cost of education (tuition, books, etc.) The aggregate loan limit is $100,000 including all other educational debt. Competitive annual percentage rate (APR). Variable APR, based on credit. Lower your interest rate when you pay responsibly: 0.50% after you make your first 48 consecutive on-time monthly payments 0.50% when we automatically withdraw your payments from a Wells Fargo checking or savings account (0.25% from a non-Wells Fargo account) Wells Fargo services the loans from application through repayment, so you get: Loan experts ready to help you. Free online account access, so it's easy to pay your loan. One bank for all your financial needs. Important Information for borrowers To be eligible, you must be enrolled in a certificate program, and meet other eligibility requirements listed below: Have an established, positive credit history, an acceptable debt-to-income ratio, and a minimum income of $12,000 -- or a cosigner who does. Be a U.S. citizen, U.S. national, or permanent resident alien without conditions. For permanent resident aliens, a U.S. citizen cosigner is required. Please note: If you're approved with a cosigner, you can release him or her from liability after making your first 24 consecutive on-time monthly principal and interest payments, if you meet the minimum credit guidelines at the time of the request. Wells Fargo loan disbursement checks are issued co-payable to the student and to the school. The student should sign the back of the check and send it to the school to process. The school cannot sign a check and return it to the student. If the loan amount is greater than the tuition due, the remaining balance will be refunded to the student. Refunds are processed three weeks after the course has begun so be sure to apply early. For more information please visit https://www.wellsfargo.com/student/undergrad/education Click here to apply now https://www.wellsfargo.com/student/undergrad/education
	GreenNote is an innovative new company that has been created to help students obtain loans for education via social networking rather than through traditional lending methods. Using the GreenNote online platform, students connect with their social network--friends, family, friends of family, community leaders and others--to ask for small student loans. GreenNote helps formalize everything into legally binding loans and handles all the details from loan documentation through repayment. Loan rates may be less than what is available from other private loans. Those who do loan money to students will receive a reasonable return on their investment while assisting the student to go to school. Loan Details: Fixed interest rate currently set at 6.8% Repayment term of 10 years Payments deferred up to 5 years May be used for any post-secondary educational institution; proof of enrollment is required Can be borrowed up to the cost of attendance, minus other aid received Grace period of 6 months Interest accumulates while your payments are deferred and is capitalized to the principal at repayment No prepayment penalties Repayment will be principal and interest Documentation fee of 2% (minimum of $49) Annual lender administration fee of 1% For more information please visit https://www.greennote.com
	3. Other Resources Military Benefits Berkleemusic offers a number of flexible options that help service members with a demanding military schedule achieve their musical goals. For information on using military benefits for the certificate programs or courses, please visit our Military Benefits page here: http://www.berkleemusic.com/school/schoolinfo/military/ Employer Tuition Assistance Many employers offer full or partial tuition assistance to their employees. For information on using employer tuition assistance for the certificate programs or courses, please visit our Employer Tuition Assistance page here: http://www.berkleemusic.com/school/schoolinfo/tuitionassistance/ International Students Various forms of financial aid, grants, and scholarships are available for international students. Learn more about financial aid for international students at these Web Sites: www.edupass.org/finaid - Financial aid information for international students www.iefa.org - International Education Financial Aid (IEFA) scholarship search is the premier resource for financial aid, college scholarship and grant information for international students wishing to study abroad

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