Enrollment Agreement

Transcription

1 Congratulations, you have met the admissions requirements to enroll into the program that you have selected. To finalize your enrollment, please provide the information requested below. Sign, initial and date this agreement on all pages requested and submit to the Abraham Lincoln University Admissions Department. Student ID*: Name*: Address*: City, State and Zip*: *: Phone*: DEGREE OR PROGRAM SELECTED * All fields are required. The Bachelor of Science in Criminal Justice (BSCJ) is a 120 semester credit hour program. The method of instruction and delivery of student services is through online distance learning. ENROLLMENT AGREEMENT PERIOD Courses are designed for eight (8) weeks of study with fixed start and end dates. Two 8-week terms constitute a semester. Two semesters of study comprise one academic year. Program Start Date: 11/6/2017 Program Scheduled Completion Date: 2/27/2021 Your program scheduled completion date was determined by calculating the number of weeks to complete the program as shown in the university catalog. The program length was determined if the student is continuously enrolled, takes a full course load pursuant to the student s academic study plan, successfully completes each attempted course; this would be considered normal time to complete the program. Students may exceed normal time no more than 1.5 the required time to complete courses. Should a student need to accelerate program completion or exceed normal time to complete a program, approval from the university is required. ESTIMATED TUITION: Total Transfer Total Credit Total Program Degree Program Credit Hours Credit Hours Accepted Hours to Complete Tuition (Fees Not Included) BSCJ $30,000 Monthly Payment $250 per month TA or U.S. Mil. Vet? YES X NO For payment plans, debit card or credit card will be charged on the 1 st day of each month following the first month of study thereafter until the tuition is paid in full. The first payment must be made with the submission of the and any monthly installment more than 10 days late will put a student s account in financial delinquency and a late fee of $20 will be charged. Students have a grace period of 10 days at the beginning of each month before the late fee is charged. Any monthly installment more than 30 days late will result in academic access suspension. A student s account that is more than 60 days late may result in financial dismissal. Page 1 of 10

2 TUITION AND FEES Tuition for students is $250 per semester hour, totaling $30,000 for the program. The estimated tuition itemized below for the program will be reduced by the number of units transferred in. If the evaluation of transfer credits, based on unofficial transcripts, changes upon receipt of official transcripts, the student will be responsible for the difference in tuition charges. Up to 75% of semester units required for graduation may be transferred in for associate and bachelor s degrees, 20% for master s, and 10% for doctorate degree. ALU does not accept transfer credits towards any credential-level certificate program. Fees and Charges: Certificate, Diploma, Associate, Bachelor s, Master s and Doctorate Programs ITEMIZATION Registration Fee: (Non-Refundable, Due upon signing ) $ 100 Tuition: (Prorated upon withdrawal. Refer to refund policy provision.) $ 30,000 Estimated Books: (Indirect Charge students must purchase books on their own. Textbooks prices fluctuate depending on recent book editions and pricing changes by publishers) $ 5,760 Student Tuition Recovery Fund: (Non-Refundable) $ 0 Academic Resources Fee: (Non-Refundable, Applicable to Paralegal and Legal Studies, Estimate Based on Typical Program Length) $ 0 Graduation Fee: (Non-Refundable, Applicable to Degree Programs) $ 250 DBA ONLY: American Psychology Association (APA) Fee, $ 0 Comprehensive Exam Fee (per Exam) & Dissertation Completion 1 THE TOTAL CHARGES FOR THE CURRENT PERIOD OF ATTENDANCE: THE ESTIMATED TOTAL CHARGES FOR THE ENTIRE EDUCATIONAL PROGRAM*: THE TOTAL CHARGES THE STUDENT IS OBLIGATED TO PAY UPON ENROLLMENT: $ 3,100 $ 36,110 $ 350 *ANY STUDENT WHO OBTAINS A LOAN TO PAY FOR AN EDUCATION PROGRAM IS RESPONSIBLE FOR REPAYING THE FULL AMOUNT OF THE LOAN PLUS INTEREST, LESS THE AMOUNT OF ANY REFUND. Page 2 of 10

3 University Fee Table: Fees and non-tuition charges listed below are non-refundable: Academic Resources (per year) *$50 American Psychology Association (APA) 1 $100 Application/Transfer Credit Evaluation $50 Comprehensive Exam Fee (per Exam) 1 $100 Continuing Enrollment Fee per 8-week term 1 $450 Course Extension or Repeat Petition $10 Dissertation Completion 1 $450 Duplicate Diploma $125 Graduation $250 Late Monthly Payment Charges $20 Registration (per program) $100 Reinstatement Petition $10 Returned Checks/Credit Card Charge Back $20 Student Tuition Recovery Fund (.0005 x tuition charge rounded to nearest 1000).0005 x Total Institutional Charges =$0 Transcript - Official / Unofficial $10 / $5 *Applicable to paralegal and legal studies programs only. 1 Applicable to the doctorate program only TECHNOLOGY REQUIREMENTS Students must provide their own computer with printer, Internet access, operating system, Microsoft Office, and other related functionality. Please see full Technology Requirements in University catalog. MILITARY TUITION ASSISTANCE (TA) AND VETERANS BENEFIT PROGRAM The following fees are waived for military students enrolling under the U.S. Department of Defense Tuition Assistance (TA) program and all U.S. military veterans (All other applicants and students are required to pay the above fees when applicable): Application/Transfer Credit Evaluation Fee Academic Resources Fee Transcript Fee Graduation Fee Registration (per program) Fee TEXTBOOK GRANT PROGRAM FOR MILITARY TUITION ASSISTANCE (TA) AND ALL U.S. MILITARY VETERAN STUDENTS For all military and veteran active ALU students who enrolled prior to January 9, 2017, textbooks that are required for course completion are provided at no additional charge to Military Tuition Assistance (TA) students and all U.S. military veteran students through the Abraham Lincoln University Textbook Grant Program enrolling into the diploma, associate, bachelor s, and master s degree programs (excluding doctorate program). Military and veteran students who enroll or restart their program after January 9, 2017 are not eligible for this program. ALU may provide ebooks, used or new textbooks depending upon publisher s availability and inventory stock. Page 3 of 10

4 BEST ESTIMATE COST OF TEXTBOOK AND STUDY MATERIALS Tuition and fees does not include cost for books and study materials. Books and study materials for courses are the responsibility of the student. The best effort estimate cost of textbooks and other materials per course is $144. The best effort estimate cost of books for different programs, based on the number of courses in each program s degree plan, are as follows: Degree Textbooks Costs Certificate $576-$1,008 Diploma $1,440 Associate $2,880 Bachelor's $5,760 Master's $1,728 Doctorate $2,250 EDUCATIONAL MATERIALS AND ONLINE ACCESS Since Abraham Lincoln University offers a distance educational program where the instruction is not offered in real time, ALU will transmit the first lesson and any materials, other than the commercially available textbooks, to you within seven days after the ALU accepts you for admission. You will also receive online access to the ALU Student Learning Center (campus.alu.edu) within seven days after the ALU accepts you for admission. Additional Abraham Lincoln University Obligations: (1) ALU shall transmit all of the lessons and other materials to the student if the student: (A) has fully paid for the educational program; and (B) after having received the first lesson and initial materials, request in writing that all of the material be sent. (2) If ALU transmits the balance of the material as the student requests, ALU shall remain obligated to provide the other educational services it agreed to provide, such as responses to student inquiries, student and faculty interaction, and evaluation and comment on lessons submitted by the student, but shall not be obligated to pay any refund after all of the lessons and material are transmitted. PAYMENT TERMS FOR TUITION AND FEES Student agrees to pay Abraham Lincoln University the total amount for tuition and fees stated in this. Pay Tuition In-Full VA / Military Tuition Assistance (TA) Tuition Payment Plan [ ] Attach Check or Credit Card Information [ ] Attach VA COE or TA Voucher [ ] See Attached Promissory Note Student agrees to pay: The first payment must be made with the submission of the. Auto-payment by debit card or credit card is mandatory. Debit card or credit card on card authorization form will be charged for all subsequent payments on the 1 st day of each month following the first month of study thereafter until the tuition is paid in full. The annual percentage rate (APR) for interest is zero (0) percent. Students who fail to make payments may forfeit their rights and privileges as ALU students. Page 4 of 10

5 For tuition balances that will be financed, the University will provide the student with a monthly payment plan. The details of the plan are included in the attached Promissory Note and TILA disclosures which are binding and are an integral part of the enrollment agreement. NOTICE: YOU MAY ASSERT AGAINST THE HOLDER OF THE PROMISSORY NOTE YOU SIGNED IN ORDER TO FINANCE THE COST OF THE EDUCATIONAL PROGRAM ALL OF THE CLAIMS AND DEFENSES THAT YOU COULD ASSERT AGAINST THIS INSTITUTION, UP TO THE AMOUNT YOU HAVE ALREADY PAID UNDER THE PROMISSORY NOTE. CANCELLATION, WITHDRAWAL AND REFUND POLICY ALU s refund policy, as stated below, is in compliance with California Bureau of Postsecondary Education state requirements. For those students who reside in a state other than California where ALU is authorized to operate, the student will receive an Addendum specific to their state s requirements. If there is a conflict between another state agency s refund policy with the California Bureau for Private Postsecondary Education s guidelines, ALU will follow the policy that is more beneficial to the student. In the absence of such requirements, or a state where ALU has received exemption, ALU will follow the refund policy stated below. STUDENT S RIGHT TO CANCEL The latest day for you to exercise your right to cancel is: November 13, 2017 A student may cancel an or withdraw from the University at any time. A student who intends to cancel or withdraw must notify the University in writing following the directions outlined in the University catalog. Any money due to the student will be refunded within 30 days. If the student cancels within five (5) calendar days after signing the, the student has the right to a full refund of all monies paid to the institution. After five (5) calendar days upon signing the Enrollment Agreement through attendance at the first class session or the seventh day after enrollment, whichever is later, the student has the right to cancel the enrollment agreement and obtain a full (100%) refund of all tuition paid less the non-refundable fees. A student may withdraw from a course or program and receive a refund by providing a written notice to the Registrar at the ALU postal mailing address (3530 Wilshire Blvd. Suite 1430, Los Angeles, CA 90010) or via to registrar@alu.edu. The student shall have the right to cancel the agreement and receive a full refund pursuant to section before the first lesson and materials are received. Cancellation is effective on the date written notice of cancellation is sent. The institution shall make the refund pursuant to section If the institution sent the first lesson and materials before an effective cancellation notice was received, the institution shall make a refund within 45 days after the student's return of materials. The student will receive a full refund for paid courses that were not started at the time of withdrawal. If the student received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial program funds. If you are a California resident, the amount of assessment for the Student Tuition Recovery Fund is nonrefundable and will not be returned to students who are California residents. The remaining tuition will be refunded based on the following table(s): Page 5 of 10

6 Length of Course Refundable Tuition Due After Completing: 8 weeks 1st week 90% 2nd week 75% 3rd week 65% 4th week 50% 5th week 0% An example of the refund policy: A student paid the total price of $750 for an 8 week course and then withdrew during the 5 th week. Since the student did not complete a full 5 th week, ALU will refund the tuition based on the completion of the 4 th week. This student will receive a refund of $375 ($750 x 50%). For service members, reservists, and family members who stop attending due to service obligations, the University will return any unearned benefits administered by the institution to the source of the funds on a pro-rata basis through at least the 60 percent portion of the period for which the funds were provided. If a student obtains a loan to pay for an educational program, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund. If the student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur: 1) The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan; or 2) The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid. All instruction at Abraham Lincoln University is conducted in English. If English is not your primary language, and you are unable to understand the terms and conditions of the enrollment agreement, you have the right to obtain a clear explanation of the terms and conditions and all cancellation and refund policies in your primary language. Please contact the Admissions department for this service: or admissions@alu.edu. OUT-OF-STATE STUDENTS If you do not reside in California, please review the regulations regarding authorization of your specific state and before moving to another state, always check the current list of states where ALU is authorized to offer online or distance education programs to avoid any necessary interruptions to your studies at ALU; this list is available on the University s website at Rules and regulations vary by state and could change at any time which could affect a student s enrollment. All students who move must update University records by completing a change of address form. STUDENT FORMAL GRIEVANCE PROCEDURES The ALU grievance policy addresses issues requiring resolution and to promote honesty and respect inherent to the educational work of students and faculty. This policy is applicable to students, administrators, faculty or any party who has good reason to believe that the institution is not in compliance with the Distance Education Accreditation Commission, the California Bureau for Private Postsecondary Education, or other entities in policies or procedures. Page 6 of 10

7 A grievance on the part of a student, staff or faculty is defined as any decision or action taken by a faculty or staff member in the course of official duty that violates or constitutes arbitrary, capricious or unequal application of written campus policies or procedures. Student complaints are typically about items such as: administrative issues financial issues technical issues faculty performance grading program content and program effectiveness/expectations library services The university believes that problems can be resolved through cooperation among students, faculty and staff administrators. Fundamental to the process is the principle that all parties have made a good-faith effort to resolve the grievance prior to initiating this process. The following are steps recommended to resolve grievances at Abraham Lincoln University: Step 1: The student is encouraged to resolve the problem informally with the faculty or staff member involved. Step 2: If Step 1 does not resolve the problem, the student is encouraged to communicate informally with the faculty or staff member's supervisor. Step 3: If Step 2 does not resolve the problem, the student should submit a written letter to Student Affairs, explaining the situation; any supporting documentation must be attached to the letter. This letter must be submitted within one month of the time the grievance occurred. The student has the right to forego the first two steps of this process and submit a letter of grievance directly to Student Affairs. Step 4: After reviewing the grievance, the Dean shall attempt to resolve the situation directly to the mutual satisfaction of all parties. Step 5: If such resolution is unsuccessful, the Academic Standards Committee (ASC) shall conduct a hearing. The Committee shall review the grievance and render a decision in writing no later than 30 days after the letter is submitted. Step 6: The student may appeal, in writing, any decision of the Committee to the president of Abraham Lincoln University. An appeal may also be made to the president in cases of probation, suspension, expulsion, and/or other disciplinary action. The president's decision shall be in writing and shall be final. Students or members of the public may also file complaints with the following entities: Distance Education Accrediting Commission th Street NW, Suite 808 Washington, DC Phone: California Bureau for Private Postsecondary Education Physical address: 2535 Capitol Oaks Drive, Ste. 400, Sacramento, CA Mailing address: P.O. Box , W. Sacramento, CA Toll-free: (888) / Local: (916) / Fax: (916) Online complaint forms are accessible at Page 7 of 10

8 THE BUREAU FOR PRIVATE POSTSECONDARY EDUCATION Notice Concerning State Approval The programs offered by Abraham Lincoln University have been reviewed, evaluated and approved by the Bureau for Private Post-Secondary Education (BPPE) for the State of California. The University has been granted institutional approval. Approval to operate means that the BPPE has determined that an institution meets minimum standards established by the BPPE for integrity, financial stability, and educational quality, including the offering of bona fide instruction by qualified faculty and the appropriate assessment of students achievement prior to, during, and at the end of the program. Questions or Concerns Related to This Institution Any questions a student may have regarding this enrollment agreement that have not been satisfactorily answered by the institution may be directed to the Bureau for Private Postsecondary Education at: 2535 Capitol Oaks Drive, Suite 400, Sacramento, CA P.O. Box , West Sacramento, CA Web site address: Telephone: (888) or (916) Fax: (916) A student or any member of the public may file a complaint about this institution with the Bureau for Private Postsecondary Education by calling Toll-free telephone #: (888) or by completing a complaint form, which can be obtained on the bureau's Internet Web site Toll-free telephone #: (888) Web site address: NOTICE CONCERNING TRANSFERABILITY OF CREDITS AND CREDENTIALS EARNED AT ALU The transferability of credits you earn at Abraham Lincoln University is at the complete discretion of an institution to which you may seek to transfer. Acceptance of the degree, diploma, or certificate you earn in Bachelor of Science in Criminal Justice (BSCJ) is also at the complete discretion of the institution to which you may seek to transfer. If the credits or degree, diploma, or certificate that you earn at this institution are not accepted at the institution to which you seek to transfer, you may be required to repeat some or all of your coursework at that institution. For this reason, you should make certain that your attendance at this institution will meet your educational goals. This may include contacting an institution to which you may seek to transfer after attending Abraham Lincoln University to determine if your credits or degree, diploma or certificate will transfer. STUDENT TUITION RECOVERY FUND (STRF) The State of California created the Student Tuition Recovery Fund (STRF) to relieve or mitigate economic losses suffered by students in educational programs who are California residents, or are enrolled in a residency programs attending certain schools regulated by the Bureau for Private Post-Secondary Education. You may be eligible for STRF if you are a California resident or are enrolled in a residency program, prepaid tuition, paid the STRF assessment, and suffered an economic loss as a result of any of the following: Page 8 of 10

9 1. The school closed before the course of instruction was completed. 2. The school's failure to pay refunds or charges on behalf of a student to a third party for license fees or any other purpose, or to provide equipment or materials for which a charge was collected within 180 days before the closure of the school. 3. The school's failure to pay or reimburse loan proceeds under a federally guaranteed student loan program as required by law or to pay or reimburse proceeds received by the school prior to closure in excess of tuition and other costs. 4. There was a material failure to comply with the Act or this Division within 30 days before the school closed or, if the material failure began earlier than 30 days prior to closure, the period determined by the Bureau. 5. An inability after diligent efforts to prosecute, prove, and collect on a judgment against the institution for a violation of the Act. However, no claim can be paid to any student without a social security number or a taxpayer identification number. You must pay the state-imposed assessment for the Student Tuition Recovery Fund (STRF) if all of the following applies to you: 1. You are a student in an educational program, who is a California resident, or are enrolled in a residency program, and prepay all or part of your tuition either by cash, guaranteed student loans, or personal loans, and 2. Your total charges are not paid by any third-party payer such as an employer, government program or other payer unless you have a separate agreement to repay the third party. You are not eligible for protection from the STRF and you are not required to pay the STRF assessment, if either of the following applies: 1. You are not a California resident, or are not enrolled in a residency program, or 2. Your total charges are paid by a third party, such as an employer, government program or other payer, and you have no separate agreement to repay the third party. Photography, Film, or Videotape Consent and Release I authorize ALU to use my videotape, recording, photograph, name, brief biographical information, or testimonial, and to copy, exhibit, publish or distribute the presentation for purposes of publicizing ALU, or for any other lawful purpose, including written publications, multimedia presentations, on websites or in any other distribution media. I agree that I will make no monetary or other claim against ALU for the use of the presentation. In addition, I waive any right to inspect or approve the finished product, including written copy, wherein my likeness or presentation appears. I hereby hold harmless and release ALU and its affiliates and agents from all claims, demands, and causes of action which I, my heirs, representatives, executors, administrators or other persons acting on my behalf of my estate have or may have by reason of this authorization. Page 9 of 10

10 ENROLLMENT AGREEMENT ACKNOWLEDGEMENT Receipt of Documents Prior to signing this enrollment agreement, you must be given a catalog or brochure and a School Performance Fact Sheet, which you are encouraged to review prior to signing this agreement. These documents contain important policies and performance data for this institution. This institution is required to have you sign and date the information included in the School Performance Fact Sheet relating to completion rates, placement rates, license examination passage rates, salary or wages, and the most recent three-year cohort default rate, if applicable, prior to signing this agreement. I certify that I have received the catalog, School Performance Fact Sheet, and information regarding completion rates, placement rates, license examination passage rates, salary or wage information, and the most recent three-year cohort default rate, if applicable, included in the School Performance Fact Sheet, and have signed, initialed, and dated the information provided in the School Performance Fact Sheet. ( ) Student Initial Legally Binding Contract This agreement is a legally binding instrument when signed by the student and accepted by the University. Your signature on this agreement acknowledges that you have been given reasonable time to read and understand it and that you have been given: (a) a written statement of the University s cancellation, withdrawal and refund policy; (b) a University catalog that includes a description of the educational services, including all material facts concerning the University and the program, which are likely to affect your decision to enroll. Abraham Lincoln University reserves the right at its discretion to change course titles, content and requirements during a student s term of enrollment. I understand that this is a legally binding contract. My signature below certifies that I have read, understood, and agreed to my rights and responsibilities, and that the University s cancellation, and refund policies have been clearly explained to me. I understand that I am financially responsible for any and all charges incurred no matter which payment option I have chosen. *Student Signature: *Date: This Agreement Is Accepted by: Title of University Official: Date: Page 10 of 10

11 Important Truth In Lending Act (TILA) Disclosures About Your Private Education Loan TILA 1A Solicitation Form Page 1 of 2 Abraham Lincoln University 3530 Wilshire Blvd, Ste 1430 Los Angeles, CA (213) Example Loan Interest Rate & Fees Your interest rate will be: 0.00% Your Interest Rate during the life of the loan Your rate is fixed. This means that your rate will not change during the life of your loan. Loan Fees Late Charge: If any payment is more than 10 days late you will be charged $20 Returned Check/Credit Card Charge Back: $20 Loan Cost Example(s) This loan example provides estimates based upon one (1) repayment option available to you while enrolled in school. Repayment Option Amount Provided Interest Rate Loan Term Total Paid over (while enrolled in school) by the School (highest possible (how long you have to 40 months starting rate) pay off the loan) 1. MAKE FULL PAYMENTS Pay both the principal and interest amounts while enrolled in school. $10, % 40 Months Starting with your first payment $10,000 About this example The repayment example above is based on the lowest monthly payment plan, $250/month; payments are due and payable while enrolled in school and extending beyond your anticipated completion date until loan is paid in full.

12 TILA 1A Solicitation Form Page 2 of 2 Federal Loan Alternatives, if applicable Loan program Subsidized Stafford for Students Unsubsidized Stafford for Students PLUS for Parents and Graduate / Professional Students Next Steps Current Interest Rates by Program Type 4.45% fixed Undergraduate only 4.45% fixed Undergraduate 6.00% fixed Graduate 7.00 fixed Federal Direct Loan You may qualify for Federal education loans. For additional information, contact your school s financial aid office or the Department of Education at: 1. Find Out About Other Loan Options. Contact your school s financial aid office or visit the Department of Education s website at: for more information about other loans, if applicable. 2. To Apply for this Loan, Complete the Application and the Self-Certification Form. You may get the certification form from your school s financial aid office. If you are approved for this loan, the loan terms will be available for 30 days (terms will not change during this period, except as permitted by law and the variable interest rate may change based on the market). REFERENCE NOTES Fixed Interest Rate This loan has a fixed interest rate. This interest rate will remain fixed during the life of your loan. Eligibility Criteria M u s t a p p l y f o r a n d a c c e p t a l l F e d e r a l S t u d e n t A i d, i f a p p l i c a b l e M u s t m e e t a l l a d m i s s i o n s p r o g r a m r e q u i r e m e n t s. P l e a s e v i s i t A L U s w e b s i t e : a d m i s s i o n s / a d m i s s i o n - r e q u i r e m e n t s / Bankruptcy Limitations If you file for bankruptcy you may still be required to pay back this loan. More information about loan eligibility and repayment terms is available in your Educational Loan Promissory Note agreement. Created: 10/18/2017

13 Important Truth In Lending Act (TILA) Disclosures About Your Private Education Loan TILA 1B Approval Form Page 1 of 2 Borrower: Creditor: Abraham Lincoln University, 3530 Wilshire Blvd., Suite 1430, Los Angeles, CA Loan Rates & Estimated Total Costs Total Loan Amount Interest Rate Finance Charge Total of Payments $25, % $25, $25, The total amount you are Your current interest rate. The estimated dollar amount The estimated amount you borrowing. the credit will cost you. will have paid when you have made all payments. ITEMIZATION OF AMOUNT FINANCED Amount paid to you $0.00 ABOUT YOUR INTEREST RATE Your rate is fixed. This means that your rate will not change during the life of your loan. Amount applied to your + charges on your behalf at: Abraham Lincoln Univ. Amount Financed = (total amount provided) Initial finance charges + (total amount provided) $25,000 $25,000 $0.00 Your Annual Percentage Rate (APR) is 0.00%. FEES Late Charge: If any payment is more than 10 days late you will be charged $20 Returned Check/Credit Card Charge Back: $20 Total Loan Amount = $25,000 Estimated Repayment Schedule & Terms MONTHLY PAYMENTS 100 Month Loan Term at 0.00% the fixed interest rate of your loan 11/2/ monthly payment 12/1/2017 to 3/1/ monthly payments $ $250.00

14 TILA 1B Approval Form Page 2 of 2 Federal Loan Alternatives, if applicable Loan program Subsidized Stafford for Students Unsubsidized Stafford for Students PLUS for Parents and Graduate / Professional Students Current Interest Rates by Program Type 4.45% fixed Undergraduate only 4.45% fixed Undergraduate 6.00% fixed Graduate 7.00 fixed Federal Direct Loan You may qualify for Federal education loans. For additional information, contact your school s financial aid office or the Department of Education at: Next Steps & Terms of Acceptance This offer is good until: 12/2/ Find out about other loan options, if applicable Contact your school s financial aid office or visit the Department of Education s website at for more information. 2. You have until the date listed to the left to accept this offer If you do not accept this financing your unfunded tuition and charges must be paid in full in order to attend classes. The terms of this offer will not change except as permitted by law. To accept the terms of this financing, please sign the enclosed Educational Loan Promissory Note agreement and return to Abraham Lincoln University. REFERENCE NOTES Prepayments: If you pay the loan off early, you will not have to pay a penalty. See your Educational Loan Promissory Note agreement for any additional information about nonpayment, delinquency, default or any required repayment in full before the scheduled date. Bankruptcy Limitations: If you file for bankruptcy you may still be required to pay back this loan. Created: 10/18/2017

15 Important Truth In Lending Act (TILA) Disclosures About Your Private Education Loan TILA 1C Final Approval Form Page 1 of 2 Borrower: Creditor: Abraham Lincoln University, 3530 Wilshire Blvd., Suite 1430, Los Angeles, CA RIGHT TO CANCEL. You have a right to cancel this transaction, without penalty, by midnight on the date listed below. No amounts will be applied to finance your tuition and fees until the cancellation period expires. If you cancel the unfinanced portion of your tuition and fees, this balance will immediately become due. You may cancel by calling ALU at: (213) Cancel Date: 11/8/2017 Loan Rates & Estimated Total Costs Total Loan Amount Interest Rate Finance Charge Total of Payments $25, % $0.00 $25, The total amount you are Your current interest rate. The estimated dollar amount The estimated amount you borrowing. the credit will cost you. will have paid when you have made all payments. ITEMIZATION OF AMOUNT FINANCED Amount paid to you $0.00 ABOUT YOUR INTEREST RATE Your rate is fixed. This means that your rate will not change during the life of your loan. Amount applied to your + charges on your behalf at: Abraham Lincoln Univ. Amount Financed = (total amount provided) Initial finance charges + (total amount provided) $25,000 $25,000 $0.00 Your Annual Percentage Rate (APR) is 0.00%. FEES Late Charge: If any payment is more than 10 days late you will be charged $20 Returned Check/Credit Card Charge Back: $20 Total Loan Amount = $25,000

16 TILA 1C Final Approval Form Page 2 of 2 Estimated Repayment Schedule & Terms MONTHLY PAYMENTS 100 Month Loan Term at 0.00% the fixed interest rate of your loan 11/2/ monthly payment 12/1/2017 to 3/1/ monthly payments $ $ REFERENCE NOTES Prepayments: If you pay the loan off early, you will not have to pay a penalty. See your Educational Loan Promissory Note agreement for any additional information about nonpayment, delinquency, default or any required repayment in full before the scheduled date. Bankruptcy Limitations: If you file for bankruptcy you may still be required to pay back this loan. Created: 10/18/2017

17 Private Education Loan Applicant Self-Certification Important: Pursuant to Section 155 of the Higher Education Act of 1965, as amended, (HEA) and to satisfy the requirements of Section 128(e)(3) of the Truth in Lending Act, a lender must obtain a self-certification signed by the applicant before disbursing a private education loan. The school is required on request to provide this form or the required information only for students admitted or enrolled at the school. Throughout this Applicant Self-Certification, you and your refer to the applicant who is applying for the loan. The applicant and the student may be the same person. Instructions: Before signing, carefully read the entire form, including the definitions and other information on the following page. Submit the signed form to your lender. SECTION 1: NOTICES TO APPLICANT Free or lower-cost Title IV federal, state, or school student financial aid may be available in place of, or in addition to, a private education loan. To apply for Title IV federal grants, loans and work-study, submit a Free Application for Federal Student Aid (FAFSA) available at or by calling FED-AID, or from the school s financial aid office. A private education loan may reduce eligibility for free or lower-cost federal, state, or school student financial aid. You are strongly encouraged to pursue the availability of free or lower-cost financial aid with the school s financial aid office. The financial information required to complete this form can be obtained from the school s financial aid office. If the lender has provided this information, you should contact your school s financial aid office to verify this information and to discuss your financing options. SECTION 2: COST OF ATTENDANCE AND ESTIMATED FINANCIAL ASSISTANCE If information is not already entered below, obtain the needed information from the school s financial aid office and enter it on the appropriate line. Sign and date where indicated. See Section 5 for definitions of financial aid terms. A. Student s cost of attendance for the period of enrollment covered by the loan $ 25, B. Estimated financial assistance for the period of enrollment covered by the loan $ 0.00 C. Difference between amounts A and B WARNING: If you borrow more than the amount on line C, you risk reducing your eligibility for free or lower-cost federal, state, or school financial aid. $ 25, SECTION 3: APPLICANT INFORMATION Enter or correct the information below. This space for lender use only Full Name and Address of School Abraham Lincoln University 3530 Wilshire Blvd., Ste 1430, Los Angeles, CA Applicant Name (last, first, MI) Date of Birth (mm/dd/yyyy) / / OMB No Form Approved Exp. Date Permanent Street Address City, State, Zip Code Area Code / Telephone Number Home ( ) Other (909) Address Period of Enrollment Covered by the Loan (mm/dd/yyyy) From 11 / 06 / 2017 to 02 / 27 / 2021 If the student is not the applicant, provide the student s name and date of birth. Student Name (last, first, MI) Student Date of Birth (mm/dd/yyyy) / / SECTION 4: APPLICANT SIGNATURE I certify that I have read and understood the notices in Section 1 and, that to the best of my knowledge, the information provided on this form is true and correct. Signature of Applicant Date (mm/dd/yyyy)

18 SECTION 5: DEFINITIONS Cost of attendance is an estimate of tuition (less transfer credits) and fees, room and board, transportation, and other costs for the period of enrollment covered by the loan, as determined by the school. A student s cost of attendance may be obtained from the school s financial aid office. Estimated financial assistance is all federal, state, institutional (school), private, and other sources of assistance used in determining eligibility for most Title IV student financial aid, including amounts of financial assistance used to replace the expected family contribution. The student s estimated financial assistance is determined by the school and may be obtained from the school s financial aid office. A lender is a private education lender as defined in Section 140 of the Truth in Lending Act and any other person engaged in the business of securing, making, or extending private education loans on behalf of the lender. A period of enrollment is the academic year, academic term (such as semester, trimester, or quarter), or the number of weeks of instructional time for which the applicant is requesting the loan. A private education loan is a loan provided by a private education lender that is not a Title IV loan and that is issued expressly for postsecondary education expenses, regardless of whether the loan is provided through the school that the student attends or directly to the borrower from the private education lender. A private education loan does not include (1) An extension of credit under an open-end consumer credit plan, a reverse mortgage transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling; or (2) An extension of credit in which the school is the lender if the term of the extension of credit is 90 days or less or an interest rate will not be applied to the credit balance and the term of the extension of credit is one year or less, even if the credit is payable in more than four installments. Title IV student financial aid includes the Federal Pell Grant Program, the Federal Supplemental Educational Opportunity Grant (FSEOG) Program, the Federal Work-Study (FWS) Program, the William D. Ford Federal Direct Loan (Direct Loan) Program, the Federal Perkins Loan Program, and the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program. To apply for Title IV federal grants, loans, and work-study, submit a Free Application for Federal Student Aid (FAFSA), which is available at by calling FED-AID, or from the school s financial aid office. SECTION 6: PAPERWORK REDUCTION NOTICE Paperwork Reduction Notice: According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a currently valid OMB control number. The valid OMB control number for this information collection is The time required to complete this information collection is estimated to average 0.25 hours (15 minutes) per response, including the time to review instructions, search existing data resources, gather and maintain the data needed and complete and review the information collection. If you have any comments concerning the accuracy of the time estimate(s) or suggestions for improving this form, please write to: U.S. Department of Education, Washington, DC If you have any comments or concerns regarding the status of your individual submission of this form, contact your lender.