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September 16, 1988 - Image 14

Resource type:
Text
Publication:
The Michigan Daily, 1988-09-16

Disclaimer: Computer generated plain text may have errors. Read more about this.

Page 14 - The Michigan Daily - Friday, September 16, 1988

4

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tudent

Loan

-to- wn

4

Program

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Overview

The Apple Student Loan-to-Own
Program is a unique new plan
that helps college students to
purchase an Apple' Macintosh'
computer. It's a special low-inter-
est loan designed exclusively for
the parents of undergraduate
and graduate students who do
not qualify for traditional student
assistance programs or who
need to supplement federally
sponsored aid.
The Apple Student Loan-to-
Own Program makes the borrow-
ing process easy. Unlike credit

cards, personal credit lines, or
home-equity loans, it lets your
parents borrow on their own
signature, with no collateral re-
quired. There's no need to show
financial hardship. And repay-
ment is just as easy, because the
Apple Student Loan-to-Own
Program lets your parents spread
their payments over as many as
10 years-which makes for ex-
ceptionally affordable monthly
payments.

The loans are available for a
minimum of $2,000 for each stu-
dent. The interest rate is tied to
the rate of the 91-day United
States Treasury Bill (T-bill)-and
is typically much lower than the
rates of other consumer loans.
But even though this figure may
fluctuate a little from month to
month, monthly payments will
remain constant for a year at a
time, because they are estab-
lished at the beginning of each
12-month period.

11

4

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get"

I

For an application and more information, stop by the Computer
Kickoff Hands - On Display:
Ground floor, Michigan Union
Monday - Friday loam - 6pm

4

Notice:

If you want to take advantage of Apple's Loan program
to purchase your Macintosh at Kickoff prices, see an
Apple representative at the Hands - On display as soon
as nossible!

A

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