This document outlines the payment application process for loans managed through the Tenet Dashboard, as well as the policy regarding early payments. Understanding these processes will help you manage your loan effectively and make informed decisions regarding your payments.

When a payment is made on your Tenet Dashboard, it is applied to your loan balance in the following order:

• Accrued and unpaid interest.

• Due principal.

• Unpaid fees (Note: Late fees may be applied if the loan is 10 days past due).

If you make a payment that exceeds the upcoming monthly payment (which includes due interest, principal, and fees), the extra amount will be applied toward your loan principal. This can lower your overall interest on the loan, and depending on the amount of interest reduced, it may also shorten your loan term.

If you wish to make a payment specifically towards your loan principal instead of the upcoming monthly payment, please select the option "Apply this payment to my remaining principal balance" when processing your payment.

Are there any penalties for early payments? The answer is no! If you pay off your loan early, you will only be responsible for the remaining principal plus the interest accrued and any fees outstanding.

If you have any questions or need assistance, please feel free to call or text our servicing team at 646-846-2501 or reach out via email at support@tenet.com.