TUITION LOANS – FAQs
How do I apply for a tuition loan?
Applications for tuition loans for the 2017-2018 school year can be downloaded by clicking the Allegiance Bank logo below. You may also request a loan application package from the school business or admissions offices. You must complete the bank’s standard loan application form and provide the bank with a copy of your tuition invoice.
Click this logo to go to the application.
Click here for Tuition Loan Instructions
Interest rate for the 2017 school year 6.25%
You also will need a form from the school business office authorizing you to apply for a StJPII tuition loan. To obtain this form, you may email your request to the business manager at firstname.lastname@example.org. She will send an electronic copy of the authorization directly to the loan officer at the bank.
If I had a tuition loan last year, do I need to apply again this year?
Yes, a new loan application must be completed each year.
Where do I send my loan application?
Applications should be submitted to Allegiance Bank at the Memorial branch (8800 Katy Freeway). Please refer to the loan instruction sheet included with the application for more details about mailing, faxing or delivering your application to the school’s banking officers.
What else do I have to do after I submit my application?
When your loan is approved (usually within three - four weeks), the bank will contact you to make arrangements to sign the loan documents. Your loan will be funded after the documents are signed.
Do I need to let the school know that I received my loan?
No, the bank will notify the school business office as each family’s loan is approved and funded.
What is the deadline to apply for a tuition loan?
New families must apply for a loan by March 14, 2017 to meet the tuition deadline of March 31st. Current families must apply for a loan by March 31, 2017 to meet the deadline of May 1, 2017. Tuition Loans take three to four weeks to process.
Do late fees applied if my loan is not paid on time?
Yes, late fees will be applied to your invoice. Loans should be processed three to four weeks prior to the tuition due date.
My child was just accepted to St. John Paul II. Can I still apply for a loan?
If you are new to our school, your tuition due date will vary according to the date of your acceptance. Ideally, you should apply for your loan immediately upon being accepted to StJPII. The school business office will work with you to ensure that the loan process does not delay your child’s registration.
When do my loan payments begin?
Tuition loans are structured with ten monthly payments, typically beginning in June and ending in March. You may discuss any individual concerns about your payment schedule with the loan officers. All tuition loans for the 2017-2018 school year must be paid in full by the end of March 2018.
What is the interest rate for the loans?
The interest rate for the 2017-2018 school year is 6.25%.
Who can I contact if I have more questions?
Please contact the school business manager at 281-496-1500.