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The Tuition Options Program (TOP) for Elementary and Secondary Students

TOP lets you borrow up to $30,000 annually¹ to help pay the costs of your child's private elementary or secondary education.

To find out if your school is eligible, call 1-866-251-1061.

Benefits

• A competitive interest rate
• Fast, convenient processing
• Funding in as little as five business days from receipt of completed application/loan documents
• Ability to use the loan for past due education-related balances owed to the current school
• Get an interest rate reduction of 0.25% after setting up automatic electronic payments from a Navy Federal checking account or any account from other financial institutions²
• Receive an additional interest rate reduction of 0.25% by remitting 36 months of timely payments and electing automatic payments²

Qualification Requirements

• Employment history or self-employed for at least two years
• Proof of current income
• A satisfactory credit history of at least 21 months
• A U.S. citizen or permanent resident with at least 12 months residency at your current and immediately preceding addresses, and at least 2 years residency in the U.S.
• If borrowing for an international student, you or your cosigner must be a qualified, creditworthy U.S. citizen or permanent resident

Please note that on the application, the lender is RBS Citizens, N.A., a Member FDIC and Equal Opportunity Lender. You may borrow a minimum of $1,500 and a maximum of $30,000 annually¹. The Tuition Options Program rates are variable and subject to change monthly.

1. Undergraduate and graduate borrowers may borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where it has been determined that the annual cost of attendence exceeds $30,000).

2. A 0.25% interest rate reduction is available for borrowers who elect to have monthly principal and interest payments transferred electronically from a savings or checking account. The interest rate reduction will begin when automatic principal and interest payments start, and will remain in effect as long as automatic payments continue without interruption. This reduced interest rate will return to contract rate if automatic payments are cancelled, rejected or returned for any reason. Upon request, borrowers are also entitled to an additional 0.25% interest rate reduction if (1) the first 36 payments of principal and interest are paid on time, and (2) at any time prior to the 36th on time payment, the borrower who receives the monthly bill elects to have monthly principal and interest payments transferred electronically from a savings or checking account, and continues to make such automatic payments through the 36th payment. This reduced interest rate will not be returned to contract rate if, after receiving the benefit, the borrower discontinues automatic electronic payment. The lender and servicer reserve the right to modify or discontinue borrower benefit programs at any time without notice. The reduced interest rate of .25% applies only to loans disbursed on or after July 14, 2006.