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CORNERSTONE EDUCATIONAL LOANS
Sandpoint, Idaho
Elizabeth Ellison, President
877-260-2403
208-265-2403
elizabeth@cornerstoneedloans.com
www.cornerstoneedloans.com
[New
Perspectives schools and programs are those
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to expand your knowledge, with the disclaimer that
we know little more about them at this time than
what appears here. Inclusion in Places for Struggling
Teens, of course, does not imply any endorsement
by Woodbury Reports, Inc. -Lon]
Elizabeth Ellison founded Cornerstone Education Loans in
an effort to provide parents with the resources necessary
to offer their child the best quality education within affordable
boundaries. Families work directly with the staff at Cornerstone,
who will gather the necessary information and documentation
needed to obtain a loan for children in grades K-12.
"A K-12 loan is a non-collateralized loan. It also has
a tax-deductible interest rate that is based on LIBOR (London
InterBank Offered Rate), which is at least 1-1.5 percent lower
than a home mortgage." The loan is available for most
education related expenses, including enrollment, ancillary
or testing fees, books, computers, and depending on the school,
it may also include other out-of-pocket expenses such as an
educational consultant, escort/ travel fees, parent workshops,
etc.
Cornerstone strives to assist families in finding the right
funding sources by helping parents design a loan that fits
their financial while simplifying the loan process. “We remove
the guesswork and minimize the amount of paperwork needed
for the loan by working with lenders who understand the needs
of our students and help to make the loan process easy.”
Families do not need collateral to secure the loan or worry
about a pre-payment penalty for paying the loan off early.
All loans secured by Cornerstone have low monthly payments
amortized over 20 years. “The family does not need to exhaust
savings, or use retirement funds, or home equity to obtain
a pre-approved loan. And, if the loan is denied, the family
does not owe any money to Cornerstone.”
At Cornerstone, the staff prepares a detailed worksheet of
the loan information, submits the completed application by
fax, phone or email, contacts the lending company daily until
the final disbursement of the loan is made to the school,
and acts as a liaison between the family, school and lending
institution.
Copyright © 2005,
Woodbury Reports, Inc. All Rights Reserved.
(This article may not be reproduced without written approval
of the publisher.)
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