Act^® Education Loans : Information for Financial Aid Professionals

Attracting great students to your school is one of the top priorities of every educational institution, and one key component is helping make the great education you offer more affordable. We're happy to help! If you would like to offer your students the Act^® Education Loan, simply submit some basic information to us, and we'll help you get underway.

TERI* School Approval Consideration Requirements

Below is a list of the documents that must be submitted by a school interested in becoming TERI*-approved:

• Financial Statements: Most current three (3) years financial statements. Financial statements must be audited.
• Proof of Accreditation: A copy of the letter stating the school is accredited by a recognized regional or national accreditation agency.
• Business License: Proof that the school is conducting business legally in the state in which they are doing business.
• Federal Loan Program letter: If the school has participated in Federal Education Loan Programs, A copy of the Department of Education' s default letter must be submitted to TERI*.
• Federal Loan Program Default rate: If the school has participated in Federal Education Loan Programs, the school' s default rate must not exceed 12 percent.
• Non-Federal Loan Program Default rate: If the school has not participated in Federal Education Loan Programs but has accumulated default data from any other programs, such information must be shared with TERI*.
• School Catalog: The school catalog which shows that the school is degree or certificate granting, and any other pertinent documents of this nature.

Please submit this information to:

The Edvisors Network
ATTN: Act^® Education Loans
1250 Hancock Street, Suite 703N
Quincy, MA 02169

You may also fax this information to:

(617) 328-0615

* The Education Resources Institute, Inc. ("TERI"), a non-profit education loan guaranty agency, is the guarantor of the Edvisors Alternative Student Loan Program.