Lines of Credit
This is an affordable way to make continuing education possible. Students can borrow to assist with the cost of attending a post-secondary educational institution including community college, university, or technical school.
Benefits:
- Lines of credit are available to full or part-time students at very competetive interest rates (a co-signer may be required).
- While in school, you pay only for the interest on your line of credit.
- Regular loan payments on the principal do not begin until six months after you have ceased to be a student
Features:
- Repayment amortizations from 5-10 years, depending on loan balance.
- Credit life, disability and critical illness insurances available
With a line of credit, you apply once and advance funds as needed. You pay interest only on the amount used.