The Transcendental Meditation Program
| Course Description & Policies | Financial Aid | Admission Form | TM-Sidhi (CIC) program |
Financial Aid
Most course participants — even if they're not currently enrolled in college — are eligible for private educational loans that fully cover the course tuition. Each participant must apply separately for a loan, including members of a family.
The minimum age for loans through Maharishi University of Management is 16 years. Participants under 16 years of age cn apply for loans through Maharishi School of the Age of Enlightenment.
As soon as you have submitted your loan application, you should complete the Admission Form. If you complete the printable PDF form, please give it to the Transcendental Meditation center, who will complete the bottom portion and send it in.
You may choose any educational loan available for non-degree courses. The CitiAssist loan program through CitiBank has affordable monthly payments and has been the most popular loan among our students for this purpose. More about the CitiAssist Loan
What are the other types of loans I can use for this course?
You can use any educational loan which is available for non-degree continuing education courses.
For example, the US Bank GAP loan has a lower interest rate. It also has an up-front fee of 4% or 8%, depending on your credit history. The up-front fee is deducted from the loan disbursement. So, if you need $2,000 and your up-front fee is 8%, you must borrow $2,174. Even with this fee, this loan might be less expensive than CitiAssist; it depends on the interest rate and your credit history, and the length of the loan as determined by the amount you borrow.
When the CitiAssist loan requires a fee (due to the credit history), the fee is not deducted from the disbursement. The fee is added to the repayment, so for CitiAssist, the amount you need is also the amount you would borrow.
This comparison table below is a sample $2,000 loan, repaid $50 per month for about four years:
| Credit | Interest Rate | Fee | Loan | Repayment | Payments | |
|---|---|---|---|---|---|---|
| GAP Loan: US Bank | Good | Tbill+3.5% | 4% | $2,083 | $2,343 | 47 |
| GAP Loan: US Bank | Fair | Tbill+3.5% | 8% | $2,174 | $2,429 | 48 |
| CitiAssist Loan: CitiBank | Excellent | prime+.375% | no fee | $2,000 | $2,323 | 46 |
| CitiAssist Loan: CitiBank | Good | prime+2.5% | 3.5% | $2,000 | $2,448 | 49 |
| Continuing Ed: Key Bank | Excellent | Libor+4% | no fee | $2,000 | $2,350 | 47 |
| Continuing Ed: Key Bank | Fair | Libor+7% | no fee | $2,000 | $2,645 | 53 |
| No Fee Loan: US Bank | Good | prime+1.95% | no fee | $2,000 | $2,440 | 49 |
| No Fee Loan: US Bank | Fair | prime+3.95% | no fee | $2,000 | $2,645 | 51 |
- Samples assume the borrower will take advantage of any loan reduction benefits offered by the lender, such as auto-debit.
- Repayment amounts listed are subject to the variable interest rates listed. This chart is a sample only for loan type comparison.
- You may use any lender and any loan. The lenders listed in the above table were selected because they send representatvies to visit our campus.
- This table was updated May, 2008