Key Bank Achiever Loan Program

Key Bank Achiever Loans are a low cost financing option specifically designed to help families afford a K-12 private school education. The Achiever Loan offers:

• Low payments - the minimum payment is just $50 a month
• Generous loan limits - you do not need to worry about covering the full cost of tuition
• Easy online application which provides an instant credit decision and an Electronic Signature Process which allows you to sign documents online
• Simple renewal - apply just once, then renew funds each year via our simple renewal process

Features and Benefits-

Monthly Payments

Notice to Applicants: Key Education Resources® does not promote or make any representations regarding the performance of any institution. It is your responsibility to determine the quality of the institution and the programs offered.

For a $10,000.00 loan, the borrower will have a monthly payment of $71.00 for 240 months
The assumed interest rate is 5.76%. The rate was calculated based upon an estimated 3-Month LIBOR coupon for 10/04, 11/04, and 12/04

The sample payment assumes the loan pays the school one-half of the annual amount due in August and one-half in December
A fee equal to 2.00% of the amount advanced will be added to your loan as funds are sent to the college
This is a variable rate loan. The APR may increase or decrease during the term of the loan

LIBOR is an acronym for London Interbank Offered Rate. It is the average of the interest rate paid on deposits of U.S. Dollars in the London, England financial market. U.S. capital markets also use LIBOR as an index. LIBOR rates are fixed at monthly maturities from 1 week to 12 months, but are generally used as 1-month, 3-month, 6-month and 1-year.