Oklahoma Horseshoeing School
Tuition Assistance Loan Information
The Oklahoma Horseshoeing School provides
counseling for meeting educational costs. Please feel free to
call the school's Financial Assistance Department.
Available financial assistance:
Bureau of Indian Affairs - The BIA is
a program for Native Americans. For more information contact
your tribe.
Veterans Benefits - Notice to
Veterans - Any student wishing to attend under VA assistance or GI
Bill should check with his or her local office for the required
forms. Bring these forms with you and our staff will be happy to
fill in the necessary information.
Vocational Rehabilitation is a
program developed for individuals who have injuries, physical
handicaps, or learning disabilities. To apply, contact your local
Vocational Rehabilitation Office.
WIA (Workforce Investment Act) was developed for certain
unemployed or underemployed individuals. The rules for this
program varies in each state. Please call for the location
of your nearest WIA office.
SLM Financial Corporation (A Sallie
Mae Company) - Oklahoma
Horseshoeing School Students may apply for loans under the Career
Training Program Sponsored by SLM Financial Corporation (A Sallie
Mae Company). Applications and instructions are included
with this package. To apply please return the enclosed
Student Application/Contract, the SLM Loan Application and the
Deposit for the course. You can contact our Financial
Assistance Department for the total allowed loan amount for each
course. A decision is usually available within 48 hours of
the school's receipt of your applications and deposit.
Oklahoma Horseshoeing School
Tuition Assistance Loans - are loans funded by Oklahoma
Horseshoeing School for individuals who have an excellent credit
rating and a co-borrower (non-spouse family member) who has an
excellent rating. These loans are applicable only for courses
containing horseshoeing.
1.
An OHS Tuition Assistance loan generally
covers up to two third of the tuition.
2.
The interest rate is 12% annually.
3.
An 8.75% origination fee is deducted from the
loan. The balance of funds go toward tuition.
Examples:
If Tuition is
this amount
Loan limit would
be this amount
Origination fee would
be this amount
Balance of funds toward
tuition would be this amount
$1,500.00
$1,087.50
$ 87.50
$ 1000.00
$4,000.00
$2,900.02
$233.34
$2,666.68
$5,400.00
$3,915.02
$315.00
$3,600.00
$6,600.00
$4,785.00
$385.00
$4,400.00
4.
Payments are $100 per month.
5.
Payments begin one month after you leave school.
6.
Interest does not start until the first payment
is due.
7.
There is no interest if you pay the loan before
your first payment is due.