AMS (Academic Management Services)
What is AMS?
Academic Management Services is a company of Salle Mae that provides loans to the needy students who are not able to pay for the expenses associated with their education. In fact AMS is a moneylender that bears your educational expenses.
What are the different kinds of loans provided by AMS?
AMS provides a wide array of loans to the students to help the students complete their education conveniently. They are:
- Loan for under graduates
- Loan for graduates
- Loan for parents
- Loan for training
What are the features of various loans provided by AMS?
The student loan that is provided by AMS comprises of Federal Loans like Perkins, Stafford etc. For the graduates and the professional students, The Graduate Plus loan is the best option available for them. Apart from providing Federal loan, AMS also provides Private Loan too. This loan is meant for all kinds of students; be it graduate or undergraduate who are not able to get a loan through Federal loan or want to go for private loan to cover the rest of their educational expenses that is not covered under the Federal Loan.
What are the benefits of applying for student loan from AMS?
The benefits of the loan program of AMS moneylender are:
- The loan process is very quick and does not take a lot of time
- The loan is approved within 5-6 days
- Minimum paperwork is required
- For some loans, you are required a cosigner and for others you don’t require one
- Some loans would ask for good credit scores while some would be available at bad credit scores as well
- The repayment of the loan begins after six months of course completion
- With easy repayment option and low interest rate, it is the best student loan you can ask for
- The federal loan covers all your tuition expenses and the purchase of books and other things
- The interest can either be paid on monthly basis or when the repayment period starts
How can one apply for the loan?
Before you apply for the loan from AMS, you would have to fill the FAFSA or Federal Application for Free Student Aid and submit it with your identity proof, residential proof and age proof. The application process is done online and takes hardly more than 15 minutes to complete the loan formalities. You got to have a valid bank account so that the loan amount can be transferred to your account as soon as the loan is sanctioned.
What are the eligibility criteria to avail loan from AMS?
There is no such strict eligibility criteria that you need to fulfill. However you need to be the permanent resident of USA and your age should not be below 18 years. If you are not able to get the loan because of bad credit score, the same can be done by applying through a creditworthy cosigner.
Financial Institutions
- Nelnet
- Panhandle Plains
- Regions Bank
- Sallie Mae
- SLFC (Student Loan Finance Corporation)
- Suntrust
- US Bank
- Wells Fargo
- Xpress
- Zions Bank