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St. Timothy's School   8400 Greenspring Avenue - Stevenson, MD 21153 USA telephone: (410) 486-7400 fax: (410) 486-1167

www.stt.org

Financial Aid Help

St. Timothy's School's financial aid at a glance: Financial Aid Deadline(s): January 15 Financial Aid Awarded: $1,700,000 % of Students Receiving Financial Aid: 40%

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Considering Financial Aid?

Schools administer their financial aid individually. The keys to seeking financial aid are:

1. Planning, including dedicating time to sit-down and work through the paperwork and process
2. Communicating with the admission and financial aid officers at the school
3. Completing the paperwork and forms early and accurately (forms and paperwork can differ between schools)
4. Meeting the financial aid deadline (it's early).

Beyond each school's financial aid program, several lenders offer independent education loan programs. These loans can play an important role in your school affordability plan. Below is a snapshot of current terms offered by two large lenders.

	Key Achiever Loan	Sallie Mae K-12 Education Loan
Current APR	5.85%-9.60%	Prime+ based on credit
Terms	20 Years	20 Years
Auto Debit Payment Discount	Unknown	Unknown
Minimum Loan Amount	$2,000	$1,000
Maximum Aggregate Loan Amount	Total education cost minus institutional aid/tuition reduction
Origination Fee	1-2%	0-5%
Variable or Fixed Interest	Variable	Variable
Prepayment Penalty	No	No
Minimum Monthly Payment	$50	$30

**This chart is for cursory comparison purposes only. AdmissionsQuest does not guarantee its accuracy.**

Visit AQ's Private School Financial Aid section for more information about private school loans and scholarship opportunities.

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