Education Loans
Education Consolidation Loan
With tuition,
fees, and other expenses on the rise, federal financial aid may
not be enough to cover today’s higher education costs.
Convenient and affordable, our private (non-federal) education
loans are the perfect solution!
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Borrow up
to $100,0001
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One
convenient monthly payment
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No Fees
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No
application, origination, or disbursement fees
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Attractive variable rate2
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Option to
make interest-only payments if currently enrolled in school3
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Up to 120
months to repay
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Interest
may be tax deductible. Consult your tax advisor.
Eligibility
You must hold at least a two-year (Associate’s) degree or
certificate and be in repayment or the Grace/Interim period of a
private educational debt at the time of application.
1 Not to exceed total outstanding private educational loan debt. Approval
based on creditworthiness and ability to repay.
2 The interest rate may be adjusted quarterly on the first calendar day of
January, April, July, and October and is based on Wall Street
Journal Prime Rate Index plus a margin of 0% to 2%. Rates are
dependent on credit score.
3 For up to 3 years after the loan is opened or until you leave school,
your GPA drops below the minimum of 2.0, or 6 months after you
graduate/become certified, whichever comes first. Proof of
enrollment and GPA will be required each term. This
is called the Interim Period. The required minimum monthly
payment during the Interim Period is $20.00. When the Interim
Period ends, you will make monthly payments of principal plus
interest on your outstanding loan balance until your loan is
repaid in full. We will amortize your loan balance over the
remaining life of the loan (not to exceed 120 repayment
periods). The Repayment Period begins the day the Interim Period
ends. If there is no Interim Period, the Repayment Period begins
on the initial disbursement date. The required minimum monthly
payment during the Repayment Period is $100.00.
Apply for an Education Consolidation Loan
Need to make an advance on an existing Education Line of Credit?
Click here to fill out an Advance Request Form
Not a Member
Yet?
No problem!
Students enrolled in universities or colleges located in
Tennessee, DeSoto and Marshall counties in Mississippi, and in
Crittenden County, Arkansas are eligible to join. Visit our
Membership page for more information.
