TSTC Marshall CDL Program 2400 E End Blvd. S ~ Marshall, TX 75672 ~ 903-923-3403 Smart Option Student Loan® Monday – Thursday: 8:00 a.m. – 9:00 p.m. ET Friday: 8:00 a.m. – 8:00 p.m. ET Saturday 9:00 a.m. – 6:00 p.m. ET For questions or help with your application, please call: 1-888-272-5543 SMART OPTION LOAN It’s a private loan Variable interest rates from 3.17% APR – 9.37% APR Fixed interest rates from 6.41% APR – 11.69% APR Defer your payments until after school or pay while in school You may prepay your loan at any time, with no penalty CREDIT CHECK Apply online and get credit results in about 15 minutes Have co-signer available in case your application gets denied or you don’t have credit Basic information required Select your school o Texas State Technical College Marshall o School code: 033965-00 Provide financial information Submit your application APPLICATION – you and co-signer, have the following available before getting started: Permanent and current addresses, if different Previous address if you've lived at permanent address for less than one year Your social security number Academic period – start and end date Employment information Financial information – monthly mortgage or rent payments Provide two (2) personal references – name and contact information (not required for cosigners) From the Office of Financial Aid Pam Evans 903-923-3232 HOW THE PROCESS WORKS LOAN PROCESS: After you and your co-signer (if you had to have one) submit your application to Sallie Mae for the final time, meaning: All information has been given Credit checks have been run Terms have been accepted and signatures have been applied, you need to call Sallie Mae within forty-eight (48) to seventy-two (72) hours and make sure they don’t need any other information Once Sallie Mae runs the credit checks and verifies the information, they will send it to me for certification. By law, I’m required to give clients “Rights to Cancel” of nine (9) business days from date of certification. Any holidays that fall within those nine (9) days will extend your disbursement date. That gives you the right to cancel your loan within that time period should something come up and you need to start on a later date or you’ve changed your mind. DISBURSEMENTS: Sallie Mae will disburse your funds accordingly and send it via UPS. Normally, I receive the funds late afternoon of the following day, although, sometimes it takes up to seventy-two (72) hours. You will be notified by the Recruiter for Professional Truck Driving, Tammy Hicks, when your check is here. You may then go to the Cashier’s Office in the Administration Building to sign it over to TSTC so your bill can be paid. If you requested a refund, Tammy will notify you when it’s ready. Refunds are usually made within the first or second week of class, depending on when your check was received by TSTC. NOTE: If you have any questions after submitting your loan application, I’ll be your contact person. ~thanks, pam