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MT Bank Private Education Loans

• MT BankEducational Lending

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About MT Bank

• Founded 1856 in Buffalo, NY where it continues
  to be headquartered.
• 17th Largest Bank in the USA.
• Over 670 branches 1,600 ATMs throughout New
  York, Pennsylvania, Maryland, Delaware, D.C.,
  West Virginia Virginia.
• Provides a full range of Financial Products and
  Services.

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MT Bank Private Education Loans

• Guaranteed by TERI
• Serviced by American Education Services
  (AES/PHEAA)
• Private Loans for
• Undergraduate
• Graduate
• Continuing Education
• Health Professionals
• All Available to International Students with U.S.
  Co-borrower

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MT Bank Private Loan Borrower Benefits

• Origination Fees as low as 0
• Higher rates of approval
• Lower interest rates for all approved borrowers
• Multiple uneven disbursement amounts available
• Cover past due balances, no time limit
• Cosigner release option
• .25 rate reduction for auto debit
• Enhanced on line school certification and
• reporting

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Definitions

• Creditworthymeeting both financial credit
  standards (2-2-2 Rule). For undergrads, borrower
  or co-borrower must be worthy.
• 2 years of verifiable income including proof of
  current income (if self employed applicant must
  have been in business for two years)
• 2 years of residency in the U.S. and must be a
  U.S. Citizen or permanent resident
• 2 years of satisfactory credit history
• Credit-ready (Graduate Students, no co-borrower,
  will pay fees)
• Established satisfactory credit history or no
  credit history with no proof of income/employment
  necessary
• 2 years of residency in the U.S. and must be a
  U.S. Citizen or permanent resident
• LIBOR is the London Interbank Offered Rate.
• The LIBOR Index is equal to the average of the
  one-month LIBOR rates as published in the Money
  Rates section of the Wall Street Journal on the
  first business day of each of the three (3)
  calendar months immediately preceding each
  quarterly adjustment date.
• Loan origination fees will be automatically added
  to the loan amount so the borrower will receive
  the requested loan amount

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Credit Review

• Creditworthy 2-2-2 rule 2 years of verifiable
  income including proof of current income (if self
  employed applicant must have been in business for
  two years), 2 years of residency in the U.S. and
  must be a U.S. Citizen or permanent resident, and
  2 years of satisfactory credit history
• Credit-ready established credit history or no
  credit history with no proof of income/employment
  necessary and 2 years of residency in the U.S.
  and must be a U.S. Citizen or permanent resident.
  Accelerated undergraduates and graduates
  eligible for credit-ready borrowing
• Income verification
• Wage earner pay stub with year to date
  earnings
• Self employed last 2yrs tax returns with all
  schedules
• Retired last 2 years 1099 forms
• Initial decision comes via e-mail generally
  within minutes or can be obtained by calling VRU
• No minimum income requirement. A borrower must
  demonstrate proof of positive income.

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MT Bank Private Undergraduate Loans

• 18 or older and at least half-time in a degree or
  certificate program.
• Repayment Options Fees
• Tiered Variable interest rate equal to LIBOR
  index (2.80 - 5.45) for credit-worthy
  borrowers.
• Origination Fee 0.0-9.5
• Choose one of three Repayment Options
• Immediate Interest Only Full
  Deferment
• No penalties for pre-payments.
• Standard repayment term is 20 years (25 years for
  balances exceeding 40,000). Minimum payment is
  25 monthly.
• Automatic deferment. Repayment begins 6 months
  after graduation or dropping to less than
  half-time status
• London Interbank Offered Rate
• Borrowers who take advantage of immediate or
  interest only repayment will pay 1.5 less in
  origination fees than borrowers who opt for full
  deferment.

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MT Bank Private Graduate Loans

• Graduate or professional students enrolled at
  least half-time in a degree or certificate
  program.
• Repayment Options Fees
• Credit-Worthy Borrowers
• Tiered Variable interest rate equal to LIBOR
  index (3.10 - 5.6).
• Origination Fee 0.0-9.5
• Credit-Ready Borrowers
• Variable interest rate equal to LIBOR index
  4.25.
• Origination Fee 4.0
• Automatic deferment. Repayment begins 6 months
  after graduation or dropping to less than
  half-time.
• No penalties for pre-payments.
• Maximum repayment term is 20 years based on total
  loan amount (25 years for balances over 40,000).
• Minimum payment is 25.

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MT Bank Private Continuing Education Loans

• Students enrolled less than half-time.
  Completely non-
• school certified and directly disbursed to the
  student.
• Repayment Options Fees
• Variable interest rate equal to the quarterly
  average of the one month LIBOR 3.25.
• Origination Fee Tiered fee not exceeding 10.5
• Up to 2 years to defer Principal Interest
  payments based on program completion date.
• Up to 20 years to repay.
• Minimum monthly payment will be at least 25.

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MT Bank Private Continuing Education Loan

• Borrowers enrolled less than half time or in a
  certificate or technical training program at a
  TERI approved school
• Borrow 1,000 up to 15,000 per year (lifetime
  max of 30,000)
• For degree programs, repayment is deferred until
  the earlier of six months after graduation (or
  leaving school) or up to two years after the
  first loan disbursement (loans will have a 20
  year repayment term with a minimum payment of 25
  per month)
• For non-degree programs, repayment is deferred
  until six months after earlier of the end of the
  current academic period or six months after
  leaving school (loans will have a 20 year
  repayment term with a minimum payment of 25 per
  month)
• Fast loan processing with no school
  certification. Student provides enrollment
  verification. Check payable and mailed to
  student - 1 loan disbursement
• Enrollment verification is one of the following
  copy of tuition bill, acceptance letter, or
  registration schedule (the document must list the
  student and school name, dated within the last 60
  days, and list the dates of and amount owed for
  the academic period on the application)
• All students receive same low interest rate and
  most students receive best pricing

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MT Bank Private Health Professions Loans

• Health Professions
• Undergraduate and graduate student enrolled at
  least half-time in a degree or certificate
  program. Accelerated and residency programs
  available.
• Residency Loans are available additional
  details and deferment benefits are applied.
• Repayment Options Fees
• Automatic deferment. No penalties for
  pre-payments. Maximum repayment term is 20 years
  based on total loan amount. Minimum payment is
  25. 25 years for loans that exceed 40,000.

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Health Professions Repayment Options Fees
(continued)

• All loans other than Residency loans have
  deferment of principal and interest while the
  student remains enrolled at least half-time, up
  to a maximum of 6 ¾ years (including the 270 day
  grace period) from the date of the first
  disbursement of the loan.
• Medical students who borrowed under the HPL
  program can request a deferment for their HPL
  loan after graduation while completing an
  internship or residency, as long as it does not
  exceed the program maximum of 10 ¾ years of
  deferment (including the 270 day grace period)
  from the date of the first disbursement of the
  loan.
• Residency loans enter repayment 270 days after
  disbursement (see Repayment above). Automatic
  deferred repayment begins 9 months after
  graduation. Additional deferments for students
  in residency are available.

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How to Apply

• Apply On-Line _at_ www.mandtatcollege.com
• Click on Educational Lending
• Apply by Phone call 1.866.363.3085

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MT Bank School Partner Benefits

• Marketing/Student Consumer Information
• We partner with our schools to create customized
  printed materials through our own Printing and
  Graphics department.
• Web partner page describing the exact way for
  your student to apply

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More School Partner Benefits

• Contact the MT Financial Aid Priority Line for
  Financial Aid Professionals at
• 1-800-289-2890
• MT Banks dedicated Operations Manager works
  daily with our guarantor and servicing partners.
• Apply for all available loans at
• www.mandtatcollege.com

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And More School Partner Benefits

• Fast, convenient processingwith funds in as
  little as 5 business days!
• On line school certification via www.teri.org,
  ELM or ScholarNet
• Multiple disbursements (up to 4 per year)
• Schools Preferred Disbursement Option
• NYHESC EFT, ELM NDN, ScholarNet
• or co-pay check to school
• Weekly loan status reports via fax/email.
• Online Report Capability

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Your Dedicated Priority Service TeamMonday
Thursday 8 am to 8 pmFriday 8 am to 530 pm
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Thank You!

• MT Bank Educational Lending