Specialist Student Loans

Transcription

1 Specialist Student Loans Trusted by students from over 130 universities across the UK. financemyfuture.co.uk Students from over 130 universities have borrowed from Future Finance.

2 About Future Finance loans Private student financing Future Finance Loan Corporation is a pioneering company in private student financing in the UK, offering undergraduate and postgraduate students a new way to fund their university education. Loans from 2,500 to 40,000 We offer students loans from 2,500 to 40,000 to cover their tuition fees and costs of living. We don't compete with the government Government student loans are a great way to help fund university education in the UK. Future Finance always encourages students to take government loans first. However tuition and student life can be expensive, and some students need help filling the gap between government loans and the actual total cost of attendance. Future Finance offers an option to these students. An option for students who need help filling the gap between government loans and the actual cost of higher education in the UK. Loans designed with student life in mind We believe that increasing higher education costs shouldn t hold anyone back. Students should focus on their education and achieving good marks. Tuition fees and living expenses. Our loans can be used to pay tuition fees, rent, bills, and any other costs while a borrower is studying. From the first year of university to the final year in a postgraduate degree, we're here to help. Budgeting help. We offer customers an option to receive their funds in a lump-sum, 6 or 12 monthly payments. We believe this helps students to manage their finances responsibly. Graduation reward. We believe success should be rewarded. Students will receive an interest rate discount when they graduate. Loan repayment holidays. We don't want our customers to be held back by student loans. We offer up to four loan repayment holidays, giving customers the flexibility to take up an unpaid internship, travel or search for their dream job. Experienced management team The company was founded by three successful entrepreneurs and investors who have previously built large-scale student lending and consumer finance companies around the world. financemyfuture.co.uk

3 How it works for students Three step online application Initial response within 48 hours Cost of living funds to student, tuition funds to university Who can apply? Undergraduate & postgraduate students, who are 18 years or older UK & international students Full-time & part-time students Lending decisions based on: Credit score Course type Continuation rates Predicted future income level Employability rates... some students will need a guarantor for their loan. Our customers can borrow between 2,500 and 40,000 per academic year. If needed, a student can apply for an additional loan the following year. Rates and Charges Interest rate. Students will be charged an interest rate based on their credit history and circumstances. Interest rates vary with LIBOR. Good credit history Average credit history Undergraduate After In University Graduation Postgraduate After In University Graduation 10-12% 8-10% 8-10% 6-8% 12-15% 10-13% 10-13% 8-11% Origination charge. A 6.5% origination charge will be added to a customer's loan at set-up stage. Students from partner universities benefit from a reduced origination charge. Maintenance payment. While a customer is studying, he or she will pay a reduced maintenance payment capped at 75 a month.

4 How it works for partner universities What happens? You determine if Future Finance is a reasonable option for your students You place an informative link about Future Finance under the university fees section If students feel we are a good fit, they can choose to follow the link and arrive at a co-branded partner page The student fills in the online application form University accesses Future Finance reporting system and see who we accept / deny University Website Fees and Funding Click here to find out more about Future Finance. Future Finance Partner Website Apply Now Reporting Student A Accept Student B Accept Student C Reject Student D Accept Student E Accept Disbursements of tuition funds We arrange a lump-sum payment for any tuition fee funds to your university. If preferred we can run scheduled disbursements, whichever is in the student's best interest. Joint Marketing Possibilities Partner branded brochures Partner branded landing page Social media promotion of partnership Joint press releases Potential scholarship programmes Partnership Types: Simple Referral Reduced origination charge for student Joint marketing efforts Bespoke Product tailored to University requirements Flexible terms Joint marketing effortss

5 Regulators & Testimonial Representative Example: (as of 18 th May 2015) Loan amount 6,200. Duration 12 years 5 months (10 years and 3 months after graduation). Origination charge 403 Total amount paid over life of the loan: 12, Interest rate during studies 11.30% pa. (variable) Interest rate after graduation 9.30% pa. (variable). Repayments: 29 payments of 45/month (until 3 months after graduation); 119 payments of 92.03/month and 1 payment of Security may be required by way of a guarantee. Representative 11.8% APR (variable). We are regulated by the FCA. Future Finance Loan Corporation Limited is authorised and regulated by the Financial Conduct Authority; Interim Permissions Reference Number It is a registered limited company incorporated in Ireland, with company registration number Its registered address is 6th Floor, 2 Grand Canal Square, Dublin 2, Ireland. Future Finance is a registered trademark of Future Finance Loan Corporation Limited. Testimonial: "These are real people who do genuinely care about my needs as a student. They have been very helpful, professional, friendly, and understanding in their approach. Everything was dealt with in a timely manner, without jargon, and I could not have wished for more. Most of my experience was handled by Hugh, to which I am very thankful for, as his professional approach was of the highest calibre. Thanks to Future Finance, I can now improve my employability through education. I will definitely use them again when needed!" Daniel H. Bachelors in Computer Science Bournemouth University

6 GOT QUESTIONS? CONTACT US: Call us: +44 (0) us: Visit us: financemyfuture.co.uk Write to us: Future Finance Loan Corporation 77 Sir John Rogerson's Quay Dublin 2 Ireland August 2015 Disclaimer All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you. You should not apply for an amount that you cannot afford to repay. The amount we lend and the rate available are subject to our assessment of your current circumstances. You must be 18 years of age or over, an EU or UK citizen and normally resident in the UK.