AFC Program
START BUILDING YOUR FUNDING BRIDGE
Numbers Don't Lie
When we began poring through the lost revenue that schools experience because of everything from funding regulations and loan declines to accreditation issues, we were stunned.
But we were also inspired to come up with a better option. A new way of thinking. One that lifts and incentivizes recruiting as well as retention rates.
And it started with the words
‘NO MORE’
As an AFC participating school, you simply don’t have to deal with or worry about any of the following, ever again...
- Title IV
- Lost Title IV
- Probation
- HCM1 or HCM2
- Terminated
- Warned
- Loss of Accreditation
- Self-funded and Struggling
- Approval on all Course Programs less than 600 hours.
- Expensive Auditing Requirements
- Gainful Employment
- Personal Guaranty by Parent for student under 24 years old
- Default Risk that could result in loss of Funding
- Fees Paid to Accrediting Agency
- Low Pass rate risk of loss of Federal Funding
- Excessive and costly regulations
- Student Credit Card Merchant Fee’s
- School Carries note and risk with No Leverage
- Student Fails to make payment and can’t collect because of relationship with Title IV or Grants.
Instead, you can start enjoying and implementing the kind of value-added benefits that had previously been obstacles, such as...
We build the School an in-school applicant web portal. Students can be entered within 1 minute. Students can be approved in 5 minutes. Student loan contracts can be E~Signed in 10 minutes. It’s that simple.
- In-School Applicant Web-Portal built direct to Purchaser
- School controls entire enrollment process – from start to finish
- Schools Enrollment Specialist enters student/borrowers name and social security for quick response approval
- Instant Student Application and Approval within 15 Minutes.
- Approval on 400+ Fico
- Easy Online E-Signature Documents providing instant accessibility for Enrollment Specialist to execute and have student enroll immediately
- AFC cover’s the tuition cost difference for any program offered on your campus
- AFC Web Portal is not an outside program that you send the students to us
- AFC Web Portal is set-up directly with each campus and each campus has management control over their Web Portal, Approval Submittals and E-Signature Documents
- School can view pay history of each Student/Borrower on Servicer Website
- Courses that otherwise wouldn’t qualify are Approved
And best of all, AFC is inclusive, creating a path for those schools that otherwise may have been limited in their funding options, because...
- Academic Funding Corp. Approves Every School
- Academic Funding Corp. Approves Every Student
- Academic Funding Corp. Funds Tuition + Kit, Books, Registration Fees, Lab Fees and other miscellaneous start-up costs
AFC Participating Schools enjoy...
- Multiple Loan applications per Trimester, Quarter, Semester, or Annual
- All Course Programs or Degree studies Approved
- Credit Bureau Agencies receive all Student payment performance each month
- Student Fico Score increases as they fulfill on their monthly payments
- Approves Schools with Less than 40 students
- Approves Schools with Less than 3 years in business
- No Approval needed for School to increase Tuition Cost whenever they want
- Disbursements wired directly to School without the need for clocked hour reporting
- All Unfunded Shortfalls that the School wants funded are eligible
- Secondary Lender solves 90/10 Ratio problem with T-IV
- Funds the difference when a School only offers T-IV Pell Grants
- AFC Defaults are outside Title IV Risk Assessment
- No Prepayment Penalty
- Lowers the doubtful accounts receivables category