What is the cost if I want to unwind my Financed Planning™ program loan?
A | If you wish to unwind the program and keep your insurance or annuity product, you would be subject to a loan prepayment penalty of 1% to 5% in the first five years of the program. If you wish to surrender the policy as well, you could be subject to applicable policy surrender charges. The terms of the contract and the time of the surrender would determine the amount of surrender charges and prepayment penalties that would be assigned. All prepayment penalties and surrender charges will be defined for you prior to entering the Financed Planning™ program. We encourage you to participate in the program only as a long-term strategy.
Related Questions
- When are schools required to recalculate the cost of attendance used to certify a FFEL Program loan when a students enrollment status changes from full time to at least half time?
- What is the cost if I want to unwind my Financed Planning™ program loan?
- How is the Tufts Loan Repayment Assistance Program being financed?
