Refinance Terms and Conditions Consent

Please read the following terms and conditions carefully before submitting your application. By submitting this application you acknowledge that you have read, understand, and accept the terms and conditions set forth below.

You are requesting a privately-funded education loan that must be repaid in full. The proceeds of this loan must be used to refinance or consolidate loans that were used solely for permitted educational purposes of loans obtained through a Title IV degree granting institution.

When the loan processor receives this application, it is not agreeing to lend you money, and there will not be such an agreement until the time that the loan is actually disbursed to your existing lender(s). The lender has the right to accept or reject your application for credit.

By submitting this application, you certify that the information on this application is true and correct to the best of your knowledge. In addition, by submitting this application, you authorize the loan processor to verify the accuracy and authenticity of all information supplied by you, both internally and with the assistance of non-affiliated third parties. Specifically, you authorize the loan processor to contact your existing lender(s), your school(s), employer(s), and other organizations to determine eligibility and payoff amounts for the loans you have selected for refinancing and/or consolidation. You also authorize your existing lender(s) to provide payoff and other information about the loans you have selected for refinancing and/or consolidation to the loan processor and the lender. In all cases, the loan processor may disclose the fact that you are applying for credit from the lender.

You understand and agree that the lender and lender’s agents (including the loan processor) may obtain a consumer credit report in connection with your loan application and in connection with any updates, renewals or extensions of any credit as a result of this loan application. If you ask, you will be informed whether or not such a report was obtained and, if so, the name and address of the agency that furnished the report. You also understand and agree that the lender or lender’s agents may obtain a consumer credit report in connection with the review or collection of any loan made to you as a result of your loan application or for other legitimate purposes related to such loan.

If the loan payoff amount(s) paid to your existing lender(s) is more than the amount(s) needed to pay off the balances of the loans you have selected for refinancing and/or consolidation, you authorize your existing lender(s) to refund the excess to the loan processor or lender to be applied towards your loan from the lender. If the amount(s) paid to your existing lender(s) is less than the amount(s) needed to pay off the balances of the loans selected for refinancing and/or consolidation, you are responsible to pay the remaining balances directly to your existing lender(s).

Additional State Notices

Arizona Residents – Marital Community Property Joinder: If you are a married Arizona resident applying as a cosigner, you agree that the loan you are requesting is being incurred in the interest of your marriage or family and that if your loan is approved, you will promptly notify your spouse and cause your spouse to consent to your and your spouse’s marital property being bound by your loan obligations in accordance with Ariz. Rev. Stat. § 25-214 or other applicable law, before the loan is disbursed.

California Residents. A married applicant may apply for a separate account. If the lender takes any adverse action as defined by Section 1785.3 of the California Civil Code and the adverse action is based, in whole or in part, on any information contained in a consumer credit report, you have the right to obtain within 60 days a free copy of your consumer credit report from the consumer reporting agency who furnished lender or loan processor your consumer credit report and from any other consumer credit reporting agency which compiles and maintains files on consumers on a nationwide basis. You have the right as described by Section 1785.16 of the California Civil Code to dispute the accuracy or completeness of any information in a consumer credit report furnished by the consumer credit reporting agency.

Massachusetts Residents. Massachusetts law prohibits discrimination based upon sex, gender identity, marital status, age or sexual orientation.

Ohio Residents. The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Wisconsin Residents. If you are a married Wisconsin resident: (1) Your submission of this loan application confirms that the loan you are requesting is being incurred in the interest of your marriage or family. (2) No provision of any marital property agreement, unilateral statement under § 766.59 of the Wisconsin Statutes or court decree under § 766.70 adversely affects the lender’s interest unless, prior to the time that the loan is approved, the lender or loan processor is furnished with a copy of the marital property agreement, statement, or decree or has actual knowledge of the adverse provision. (3) You agree to cooperate with the lender and loan processor so that your spouse receives written notice of, or a copy of the terms of, any loan that is approved.

Military Lending Act Disclosures:

If you are a member of the active military, or a spouse or dependent of a member of the active military, and your loan is subject to the provisions of the Military Lending Act (“MLA”), the following apply. (The federal government requires us to provide this notice to you. However, we do not assess any of the fees referenced in this notice):

Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Payments are a function of the amount you borrow and the applicable interest rate. Please refer to your Approval Disclosure for information regarding your monthly payments for this loan.

To hear this statement of your rights under the MLA, and for a description of your payment obligation, please call 855-210-8182.