Eligibility is calculated by a complete debt to income ratio and credit check.
TERI loans are made available through the private capital of participating lenders. The program is designed to help graduate and professional school students pay education costs. Nellie Mae Education Loan Programs Formerly known as The New England Education Loan Marketing Corporation, Nellie Mae, Inc. was created in 1986 to expand access to higher education financial programs for students and families not eligible for federal programs, or whose financial needs exceed the limits of federal student aid. This program was developed by Sallie Mae to meet the full cost of a college education. Through private loans, students and parents can borrow as little or as much as needed.