In today’s time the financial landscape is dynamic, and having access to funds swiftly can prove pivotal. The Draper 10000 Loan aims to promote the Physical therapy profession by providing a $10,000 interest-free loan swiftly. In this article, we will look into the eligibility criteria, the benefits of draper loans, the required documents, etc….
What is the Draper 10000 Loan?
Draper Loans are interest-free loans provided by the American Physical Therapy Association (APTA) for students and professionals who are pursuing their careers in the field of physical therapy.
The Draper loan was introduced to promote the Physical therapy profession in Kentucky. In this loan, you will be provided with financial assistance of $10,000 without interest.
PT/PTA students are eligible for financial assistance under this loan. Licensed therapists can also avail themselves of financial assistance through draper loans for pursuing their educational career.
The history of Draper’s loan can be traced back to 1973 when Eloise Draper started the fund to assist students who are in need of financial support and are pursuing a career in physical therapy. Eloise was the first physical therapist who started her practice in Kentucky.
The eligibility criteria for Draper loans
- If you are a student then you must be accepted into an accredited PT/PTA program
- For licensed therapists pursuing the education courses
- For PT/PTA professionals who are pursuing the specialty certification.
The Draper Loan Application Process
- You should first check whether you are eligible for the Draper 10000 loan. You can check the above-mentioned eligibility criteria.
- You will have to fill out the online application form where you have to provide personal information like name, address, date of birth, social security number, etc.
- You will also have to provide your education history the most recent has to be mentioned first.
- After that fill in your work experience details.
- Finally, you will have to upload the required documents as mentioned below on the official website
- Once you a completed the application and submitted it online it will be reviewed to check whether you are eligible for the Draper 10000 loan. You will be intimated through email about your application status.
The documents required for availing of the draper loan are mentioned below. Keep these documents ready in digital format before applying for the loan.
You can apply for the Draper 10000 loans by visiting the Official Website of APTA Kentucky. Or you can click here.
Documents required for Draper 10000 loan
For availing the Draper Load the applicant has to provide the following document in either of the formats DOC, DOCX, or PDF.
- You will have to provide proof of enrollment in an accredited PT/TPA program.
- APTA Membership proof
- A letter to explain why you need the financial assistance
- Proof of tax return of last financial year
- Credit score report
- A copy of your driver’s license
Loan Expectations
Once you have completed your graduation you will have to fulfill two loan expectations which is
- You will have to work in Kentucky for a minimum of 2 years after completing your graduation.
- The repayment of the draper loan will begin after the two-month grace period after the graduation date.
Final Thoughts
The Draper 10000 loan is the best solution for someone who is in financial need and wants to pursue his/her career in the field of physical therapy. One of the best things about draper loans is that they are interest-free and the repayment starts after two months of completing the graduation.
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