Hugh Ryall Seminars, a South Carolina-based real-estate school,
is offering education loans to its students through SLM Financial, a subsidiary
of Sallie Mae, the nation’s leading provider of education funding. The
SLM Financial Career Training Loan SM Program will help Hugh Ryall Seminars students
finance up to the total cost of their tuition and certain related expenses. As
a member of the Fortune Acedemy group, Hugh Ryall Seminars-RealtyU® is also able
to offer these loads to its real estate students.
Student Loan Program for Real Estate Agents - Both New & Experienced
Any Agent or Student is eligible to apply. The Agent/Student
must borrow a minimum of $1000.00.
At least $700.00 must be used to take Hugh Ryall Seminars courses. This can be used
for PreLicense, Post License, Broker A & B, Designation Classes - anything
on our schedule.
However much the Student borrows for education, they may then borrow another
60% of that amount to pay for other expenses - Computers, PDAs, License Fees,
Realtor Dues, etc.
If an agent wants to borrow as little as possible - only $1000 - then they could
take the other $300.00 for other expenses or they could use the entire $1000.00
for education.
- For example; a student wants to take the ABR, SRS and the Luxury Homes courses.
Cost would be ABR $395, SRS $295 and the ALHS $395 for a total of $1,085.00.
- The $1,085 would be deposited in a Hugh Ryall Seminars escrow account and released
to the school provider as each course is taken.
- The student may also borrow 60% of the loan amount ($1,085) which would be
an additional $651 for use in other real estate activities. This part of the
loan is sent to the student.
- In this example the student would be borrowing a total 0f $1736.00 ($1085
for classes which must be taken with Fortune and $651 (60% of the $1085) which
could be used to purchase other real estate equipment or pay other real estate
dues.)
SLM Financial provides education-financing services for career training, part-time
education and distance learning programs nationwide. The Career Training Loan
Program includes:
- Financing for pre- and post-licensing education, professional growth and
approved expenses.
- Loan amounts available to finance up to the total cost of tuition and certain
related expenses.
- Competitive interest rates based on the borrower’s credit history.
- Application with co-borrower for students with no credit or poor credit.
- Fast decisions.
- Wide variety of repayment options.
- Excellent loan servicing.
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