Financial Aid FAQS

Below are a few frequently asked questions regarding financial aid, the financing process, and student education loans. We hope they answer the majority of your questions and clarify any confusing or unclear components of the financial aid process.

1. I may not qualify because of bad credit. Should I apply for student education loans anyway?

Yes. Many people mistakenly think they don't qualify for financial assistance because of poor credit history. Allied has many financial options available.

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2. Do I need to be admitted before I can apply for student education loans?

No. You can apply for financial assistance any time.

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3. What is a co-signer?

A co-signer is a person, other than the principle borrower, who signs for a loan and assumes equal liability for the loan. Having a co-signer on a financial assistance loan can increase your chances of getting the loan.

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4. Who can be my co-signer?

Your co-signer can be anyone who:

	Has good credit history
	Is a U.S. citizen or permanent resident

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5. How do I convince someone to be my co-signer?

Here are a few tips on how to convince someone to be a co-signer.

	Tell Them They are Investing in Your Future
	An education truly is an investment. The skills and knowledge you’ll learn from Allied will help you establish a successful career in the medical field. Let them know that by becoming your co-signer, they will be directly affecting the success of your career aspirations.
	Make Them a Written Promise
	The main concern someone might have about becoming your co-signer is the possibility of you defaulting on the payments. A way to overcome this fear is to make them a written promise that you will pay ALL payments on time and in full. This will show the potential co-signer that you are serious about training for a career in the medical field and will help lessen their fear of becoming your co-signer.

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6. Do you know what the interest rate of my educational student loans will be

The interest rate you receive will depend on your credit rating and current economic conditions. An Allied representative will make sure you get the best possible rate for your new career.

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7. How much are the monthly payments for my student education loans going to be?

The monthly payment you receive will depend on tuition amount, student’s credit rating, current economic conditions, and the length of the loan. Like all loans, the longer the term the lower the monthly payment. You may qualify for payments as low as $10 per month.

If your question wasn’t answered in the above FAQS, feel free to call us at 1-888-123-4567.

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