Finance your Flight Training with PNC Bank
Important Application Information
The loan application is designed for a typical college program, so please use these tips when applying to finance your flight training at ATP:
- Program Type: "Undergraduate".
- State of School: "Florida" (even though you may go to any training center)
- School: "ATP USA, INC."
- Grade: "Undergraduate Freshman"
- Major: Select "Other" as the major.
- Academic Period: enter an approximate start date, with an end date at least 3 months later.
If you have any questions during the loan application process, please email admissions@allatps.com or call 800-ALL-ATPS (800-255-2877).
About PNC Bank Loans
PNC Bank has provided education financing for over 40 years to students attending schools in all 50 states. Partnering with TERI, PNC provides financing for Undergraduate, Graduate, Continuing Education, Health Profession and K-12 students. PNC Bank... your single source for education financing. Easy as PNC!
PNC Bank loans guaranteed by TERI feature competitive interest rates; no origination fees for qualified borrowers in the undergrad, graduate, and health professions loan programs; and repayment that includes generous deferment options. Borrowers may take advantage of a 0.25% interest rate reduction with automatic payments and cosigner release for borrowers who qualify. TERI Guaranteed loans offer the flexibility to use the funds for any school-approved expense, including study abroad, and previous school balances. TERI offers eSign for a quick and easy loan process, and 24-hour access to loan status information.
Rates & Fees
| Partner |
Interest Rate & Margin1 |
Origination Fees |
APR1 |
| PNC Bank, N.A. |
LIBOR Index + 2.80% to
LIBOR Index + 5.45% |
0.00% to 9.50% |
6.37% to 10.27% |
BORROWER BENEFITS
* Origination fees as low as 0.00% for the most credit-worthy borrowers (based
on repayment option selected and the credit-worthiness of the student applicant
and co-signer, if any). Origination fees range from 0.00% to 9.50%.
* 0.25% interest rate reduction2
* Co-signer release option2
FOOTNOTES
1APR (Annual Percentage Rate) is current as of
4/1/2008, and may increase during the life of your loan if the interest rate increases.
These calculations assume you borrow $10,000; origination fees range as listed above;
and LIBOR Index equals
3.62%. "LIBOR" means London Interbank Offered Rate. The LIBOR Index is equal to the average of the one-month LIBOR rates as published in the "Money Rates" section of The Wall Street Journal on the first business day of each of the three calendar months immediately preceding each quarterly adjustment date. The LIBOR Index may change quarterly.
The loan terms described here are for the
2007-2008 academic year and are subject to change.
2The 0.25% interest rate reduction is available to borrowers
who arrange with the loan servicer to automatically deduct monthly payments
from their bank account. The rate reduction will begin when automatic principal
and interest loan payments start, and will remain in effect as long as
automatic payments continue without interruption. The reduced interest rate
will return to contract rate if auto payments are cancelled, rejected or
returned for any reason. Co-signer release is subject to certain
conditions, including (i) the borrower must make their initial 48 consecutive
on-time principal and interest payments, and (ii) the borrower must be
credit-worthy at the time of the request to release the cosigner. The lender
and servicer reserve the right to modify or discontinue these borrower benefits
at any time without notice.
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