We are very excited to launch this new private student loan website.
New York, NY (PRWEB) April 11, 2012
Cedar Education Lending takes another step by launching Acumen Private Student Loans (acumenstudentloans.com) together with perks that are designed to help students pay off their loans easier like zero fees, competitive rates and a deduction of 1% in your interest rate after paying off the first 10% of the loan.
“We are very excited to launch this new private student loan website,” says Cedar Education Lending’s Harvey Berkey. “Our main goal is to give the best financial aid to students who strive hard to have quality education.”
Students can borrow a minimum amount of $2,000 per annum up to a maximum amount of $30,000 per year, as certified by student’s school, since all loans are certified with the school. Students need to present their most recent unofficial transcript of record or an acceptance letter from the school for freshmen students. Variable rates range from 3-month LIBOR plus 2.99%-8.99%. Funds can be used for any educational expense, and has no repayment or cancellation penalties, giving students a more flexible private student loan plan.
Upon loan approval, funds will be sent to the student within six to ten business days via check or electronic funds transfer. Documentation like monthly statements and promissory notes will be sent to the student via electronic mail. While in school, the student must pay a $25 minimum proactive monthly payment or interest only. The repayment term begins six months after the student graduates or in some cases, after the student ceases to attend school. The student is given 10 years to repay the borrowed amount.
“We value transparency and integrity when it comes to dealing with our clients,” added Berkey. “We make sure that the terms and conditions of the loan granted to any student are clearly explained, so they can expect no ambiguities or any hidden charges.”
Cedar Education Lending has been known for providing highly ethical lending services to students, treating each loan applicant equally and with utmost professionalism. Their private student loans programs offer competitive rates and easy repayment schemes. They also offer private student loan consolidation, which helps recent graduates lower their repayment rates by consolidating everything into one account.
Berkey also added, “Cedar Education Lending believes that education is the most valuable investment one can make, that is why we continue to develop and improve private student loan programs, to help students invest in quality education.”
With these services and the newly-launched Acumen Private Student Loans, students have more chances of investing on quality education without the usual stress of filing for different loans in order to make ends meet. Acumen Private Student Loans offers a feasible solution with flexible terms and competitive rates.
For more information about their services, please visit their website, http://www.acumenstudentloans.com. Their friendly and knowledgeable loan personnel will be happy to assist you with your inquiries.