{"id":16,"date":"2013-09-13T17:40:17","date_gmt":"2013-09-13T17:40:17","guid":{"rendered":"http:\/\/stagewp.westernu.edu\/financial?page_id=16"},"modified":"2023-04-24T15:40:23","modified_gmt":"2023-04-24T15:40:23","slug":"financial-loans-disadvantaged","status":"publish","type":"page","link":"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/financial-exit\/financial-loans-disadvantaged\/","title":{"rendered":"Loans for Disadvantaged Students (LDS) Borrowers"},"content":{"rendered":"<section class=\"hero-secondary\">\n  <div class=\"relative bg-black\">\n                <img decoding=\"async\" class=\"adhere object-cover\" src=\"\" srcset=\"\" sizes=\"100vw\" alt=\"\">\n      <div class=\"adhere gradient-overlay\"><\/div>\n        <div class=\"relative container pt-56 md:pt-112 pb-144 md:pb-192\">\n      <div class=\"md:flex md:justify-between px-12\">\n        <div class=\"sm:w-8\/12 md:w-6\/12 xl:w-5\/12 px-12\">\n                      <div class=\"mb-20\">\n              <div class=\"block font-sans font-bold text-14 text-white leading-130\">\n  <span class=\"inline-block\">\n    <a href=\"\/\" class=\"block hover:underline\">WesternU<\/a>\n  <\/span>\n      <span class=\"inline-block mx-6\">\/<\/span>\n          <a href=\"https:\/\/stagewp.westernu.edu\/financial\" class=\"inline-block hover:underline\">Financial Aid<\/a>\n          <span class=\"inline-block mx-6\">\/<\/span>\n      <a href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/\" class=\"inline-block hover:underline\">Federal Direct Loan Program &amp; Counseling<\/a>\n    <span class=\"inline-block mx-6\">\/<\/span>\n      <a href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/financial-exit\/\" class=\"inline-block hover:underline\">Exit Counseling<\/a>\n    <span class=\"inline-block mx-6\">\/<\/span>\n    <span class=\"inline-block\">Heading Text<\/span>\n  <\/div>            <\/div>\n                                        <h1 class=\"t-h1-sans  text-white\">Heading Text<\/h1>\n        <\/div>\n              <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n\n<section class=\"relative my-48 md:my-72\">\n  <div class=\"container\">\n    <div class=\"lg:flex px-12 lg:justify-start\">\n              <div class=\"w-full lg:w-5\/12 2xl:w-4\/12 -mt-80 md:-mt-112 mb-48 px-12 lg:pr-32\">\n                              <nav class=\"py-28 px-40 2xl:px-64 rounded-5 md:rounded-8 bg-gray-darker text-white mb-40\">\n            <ul>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/\" target=\"_self\" rel=\"noopener\">Federal Direct Loan Program &amp; Counseling<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/credit\/\" target=\"_self\" rel=\"noopener\">How Credit Affects Loans<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/financial-loans-university\/\" target=\"_self\" rel=\"noopener\">University Loans<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/financial-loans-department-education\/\" target=\"_self\" rel=\"noopener\">Department of Education<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/financial-loans-department-health\/\" target=\"_self\" rel=\"noopener\">Health &amp; Human Services<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/historical-lender-information-list\/\" target=\"_self\" rel=\"noopener\">Historical Lender Information\/List<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/financial-entrance-counseling\/\" target=\"_self\" rel=\"noopener\">Entrance Counseling &amp; Institutional Requirements<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/financial-exit\/\" target=\"_self\" rel=\"noopener\">Exit Counseling<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/internationaldaca-students\/\" target=\"_self\" rel=\"noopener\">International\/DACA Students<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/repay-loan\/\" target=\"_self\" rel=\"noopener\">Repaying Your Student Loans<\/a>\n                <\/li>\n                                              <li class=\"block my-8\">\n                  <a class=\"text-22 font-normal leading-130 tracking-20 text-white hover:text-yellow transition-default\" href=\"https:\/\/stagewp.westernu.edu\/financial\/loan-counseling\/grad-plus-loan-denials\/\" target=\"_self\" rel=\"noopener\">Grad PLUS Loan Denials<\/a>\n                <\/li>\n                          <\/ul>\n          <\/nav>\n                            <\/div>\n      \n      \n                  \n                  \n      <div class=\"w-full px-24 wysiwyg-content lg:w-7\/12 2xl:w-7\/12\">\n        <p>A Loan for Disadvantaged Students (LDS) is a serious legal obligation. Therefore it is extremely important that you understand your rights and responsibilities.<\/p>\n<h2>Borrowers&#8217; Rights<\/h2>\n<ol>\n<li>I have a right to a twelve month &#8220;grace period&#8221; before repayment begins after I have completed school attendance, internship and residency in an accredited program, or a fellowship training program or full-time educational activity approved by the Secretary for this purpose.<\/li>\n<li>I have a right to repay the whole or any portion of the loan at any time without a penalty.<\/li>\n<li>I have a right to deferment of principal and interest repayments if certain conditions exist. Under deferment, I am not required to make payments on the loan principal or interest for a period of time. The conditions that qualify me for a deferment are listed under <strong>deferment<\/strong> on the promissory note.<\/li>\n<li>I have a right that the lender will provide me with a repayment schedule before the repayment period begins.<\/li>\n<li>I have a right that my obligation will be canceled in the event of my death or permanent and total disability in accordance with applicable Federal regulations<\/li>\n<\/ol>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n\n<section class=\"relative my-48 md:my-72\">\n  <div class=\"container\">\n    <div class=\"lg:flex px-12 lg:justify-center\">\n      \n      \n                  \n                  \n      <div class=\"w-full px-24 wysiwyg-content xl:w-10\/12 2xl:w-9\/12\">\n        <h2>Borrowers&#8217; Responsibilities<\/h2>\n<ol>\n<li>I understand that the <strong>annual percentage rate of 5%<\/strong> will be the <strong>finance charge<\/strong> based on the unpaid balance and it will begin to accrue at the termination of the grace or other deferment period.<\/li>\n<li>I fail to repay any loan as agreed, the total loan may become due and payable immediately and legal action could be taken against me.<\/li>\n<li>I understand that I will promptly answer any communication from <strong>WesternU<\/strong> regarding the loan.<\/li>\n<li>I understand I may repay at any time. I further understand that making such payments will reduce future interest.<\/li>\n<li>I understand that if I cannot make payments on time, I must contact <strong>WesternU<\/strong> to make arrangements.<\/li>\n<li>I authorize <strong>WesternU<\/strong> to contact any school, which I may attend, to obtain information concerning my student status, my year of study, my dates of attendance, graduation, or withdrawal, my transfer to another school, or my current address.<\/li>\n<li>I understand that should my loan repayments become delinquent, or if I have any other outstanding balance owed the University, the University will withhold transcripts, Board Scores and letters of recommendation until the loans or other debts are again current.<\/li>\n<li>I understand that I must, without exception, report any of the following changes to the Western University of Health Sciences (WesternU), University Financial Services &amp; Treasury, College Plaza, Pomona, CA 91766, and (909) 469-5403.<\/li>\n<\/ol>\n<ul>\n<li>If I withdraw from school.<\/li>\n<li>If I transfer to another school<\/li>\n<li>If I drop below half-time status.<\/li>\n<li>If my name should change (for example, because of marriage).<\/li>\n<li>If my address changes.<\/li>\n<li>If I join the military service, Public Health Service, or Peace Corps.<\/li>\n<\/ul>\n<h2>Truth in Lending Statement<\/h2>\n<p>The Loan for Disadvantaged Students which you have received, together with an <strong>annual percentage rate of 5%<\/strong> on the unpaid balance, is repayable in accordance with a repayment schedule approved by the school and the Secretary of Health and Human Services, and agreed by you, the maker, at the time you cease to pursue an eligible course of study at the school. The <strong>finance charge<\/strong> begins to accrue at the termination of the deferment period.<\/p>\n<p>The amount <strong>financed<\/strong> (or the total of all loans due) is repayable in accordance with the provisions of the promissory note and the repayment schedule to be attached thereto, and is subject to provisions relating to <strong>delinquency<\/strong> and <strong>default charges<\/strong> specified in the promissory note.<\/p>\n<p>The <strong>maker<\/strong> may, at his\/her option, and without penalty, prepay all or any part of the principal plus the accrued interest at any time.<\/p>\n<h2>Repayment Schedule (5% Interest)<\/h2>\n<p>A Loan for Disadvantaged Students (LDS) is a serious legal obligation. Therefore it is extremely important that you understand your rights and responsibilities.<\/p>\n<h2>Borrowers&#8217; Rights<\/h2>\n<ol>\n<li>I have a right to a twelve month &#8220;grace period&#8221; before repayment begins after I have completed school attendance, internship and residency in an accredited program, or a fellowship training program or full-time educational activity approved by the Secretary for this purpose.<\/li>\n<li>I have a right to repay the whole or any portion of the loan at any time without a penalty.<\/li>\n<li>I have a right to deferment of principal and interest repayments if certain conditions exist. Under deferment, I am not required to make payments on the loan principal or interest for a period of time. The conditions that qualify me for a deferment are listed under <strong>deferment<\/strong> on the promissory note.<\/li>\n<li>I have a right that the lender will provide me with a repayment schedule before the repayment period begins.<\/li>\n<li>I have a right that my obligation will be canceled in the event of my death or permanent and total disability in accordance with applicable Federal regulations<\/li>\n<\/ol>\n<h2>Borrowers&#8217; Responsibilities<\/h2>\n<ol>\n<li>I understand that the <strong>annual percentage rate of 5%<\/strong> will be the <strong>finance charge<\/strong> based on the unpaid balance and it will begin to accrue at the termination of the grace or other deferment period.<\/li>\n<li>I fail to repay any loan as agreed, the total loan may become due and payable immediately and legal action could be taken against me.<\/li>\n<li>I understand that I will promptly answer any communication from <strong>WesternU<\/strong> regarding the loan.<\/li>\n<li>I understand I may repay at any time. I further understand that making such payments will reduce future interest.<\/li>\n<li>I understand that if I cannot make payments on time, I must contact <strong>WesternU<\/strong> to make arrangements.<\/li>\n<li>I authorize <strong>WesternU<\/strong> to contact any school, which I may attend, to obtain information concerning my student status, my year of study, my dates of attendance, graduation, or withdrawal, my transfer to another school, or my current address.<\/li>\n<li>I understand that should my loan repayments become delinquent, or if I have any other outstanding balance owed the University, the University will withhold transcripts, Board Scores and letters of recommendation until the loans or other debts are again current.<\/li>\n<li>I understand that I must, without exception, report any of the following changes to the Western University of Health Sciences (WesternU), University Financial Services &amp; Treasury, College Plaza, Pomona, CA 91766, and (909) 469-5403.<\/li>\n<\/ol>\n<ul>\n<li>If I withdraw from school.<\/li>\n<li>If I transfer to another school<\/li>\n<li>If I drop below half-time status.<\/li>\n<li>If my name should change (for example, because of marriage).<\/li>\n<li>If my address changes.<\/li>\n<li>If I join the military service, Public Health Service, or Peace Corps.<\/li>\n<\/ul>\n<h2>Truth in Lending Statement<\/h2>\n<p>The Loan for Disadvantaged Students which you have received, together with an <strong>annual percentage rate of 5%<\/strong> on the unpaid balance, is repayable in accordance with a repayment schedule approved by the school and the Secretary of Health and Human Services, and agreed by you, the maker, at the time you cease to pursue an eligible course of study at the school. The <strong>finance charge<\/strong> begins to accrue at the termination of the deferment period.<\/p>\n<p>The amount <strong>financed<\/strong> (or the total of all loans due) is repayable in accordance with the provisions of the promissory note and the repayment schedule to be attached thereto, and is subject to provisions relating to <strong>delinquency<\/strong> and <strong>default charges<\/strong> specified in the promissory note.<\/p>\n<p>The <strong>maker<\/strong> may, at his\/her option, and without penalty, prepay all or any part of the principal plus the accrued interest at any time.<\/p>\n<h2>Repayment Schedule (5% Interest)<\/h2>\n<table class=\"table table-styled\">\n<thead>\n<tr>\n<th>Loan Amount<\/td>\n<th>Payment Per Month<\/td>\n<th>Payment Months<\/td>\n<th>Payment Years<\/td>\n<th>Total Interest Paid<\/td>\n<th>Total Payment<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>$10,000<\/td>\n<td>$106.40*<\/td>\n<td>120<\/td>\n<td>10<\/td>\n<td>$2,768.40<\/td>\n<td>$12,768.40<\/td>\n<\/tr>\n<tr>\n<td>$15,000<\/td>\n<td>$159.10<\/td>\n<td>120<\/td>\n<td>10<\/td>\n<td>$4,092.00<\/td>\n<td>$19,092.00<\/td>\n<\/tr>\n<tr>\n<td>$20,000<\/td>\n<td>$212.13<\/td>\n<td>120<\/td>\n<td>10<\/td>\n<td>$5,455.60<\/td>\n<td>$25,455.60<\/td>\n<\/tr>\n<tr>\n<td>$25,000<\/td>\n<td>$265.16<\/td>\n<td>120<\/td>\n<td>10<\/td>\n<td>$6,819.20<\/td>\n<td>$31,819.20<\/td>\n<\/tr>\n<tr>\n<td>$30,000<\/td>\n<td>$318.20<\/td>\n<td>120<\/td>\n<td>10<\/td>\n<td>$8,184.00<\/td>\n<td>$38,184.30<\/td>\n<\/tr>\n<\/tbody>\n<tfoot>\n<tr>\n<td colspan=\"6\"><strong>* Minimum repayment $40.00 per month &#8211; this represents an estimated repayment schedule.<\/strong><\/td>\n<\/tfoot>\n<\/tr>\n<\/table>\n<h3>Lender<\/h3>\n<p>Western University of Health Sciences<br \/>\nAttn: Bursar&#8217;s Office<br \/>\n309 East Second Street<br \/>\nPomona, CA 91766<br \/>\n(909) 469-5403<\/p>\n<h3>Billing Servicer<\/h3>\n<p>ECSI<\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":15,"menu_order":51,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-16","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/pages\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/comments?post=16"}],"version-history":[{"count":4,"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/pages\/16\/revisions"}],"predecessor-version":[{"id":5469,"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/pages\/16\/revisions\/5469"}],"up":[{"embeddable":true,"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/pages\/15"}],"wp:attachment":[{"href":"https:\/\/stagewp.westernu.edu\/financial\/wp-json\/wp\/v2\/media?parent=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}