Education Loans

Many FUMA parents find FUMA's tuition and fees to be very reasonable (or even low in comparison to other boarding schools) but they have difficulty in making the sizable up-front payment required for enrollment. These parents choose to spread out the cost of their son's education by getting an education loan. These education loan programs, similar to college loans, have become much more common in the past 15 years and many lending institutions offer them. You might check with your own bank or lender to see if they have an education loan program. Many of these programs allow parents to finance the entire cost of their child's tuition and fees for up to 20 years, making low monthly payments.

Loan Calculator

Try this calculator to calculate sample monthly payments.

Please note that the pre-filled origination fee, repayment term, and interest rate represent sample terms of an educational loan. Any changes made to these figures will calculate results that do not reflect the program payment terms for a specific education loan. Actual monthly payment amounts may be different, depending on changes in the variable interest rate on the loan. The illustration you select here may not reflect actual terms available from your chosen lender.

Educational Lenders

FUMA parents have obtained (and recommend) the following education loan providers. Please note that Fork Union Military Academy is not affiliated with these institutions.

The Education Resources Institute (TERI)

The Education Resources Institute (TERI) offers loans based on good credit, with no income limitations, for elementary and secondary, undergraduate, graduate and continuing education studies.

Founded in 1985 as a nonprofit organization, TERI has assisted over one million students at over 6,800 colleges and universities worldwide.

To apply or learn more about TERI Loans, click here.

For Admissions information
call 1-800-GO-2-FUMA or click here.

contact our webmaster