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Higher Education Loan

Pursuing an advanced degree is a time-consuming and often costly challenge, but essential to your professional career advancement.  To support SchoolsFirst FCU school employees as they pursue degrees in master's or doctorate programs, we've developed our Higher Education Loan. This loan can be used to cover tuition and other costs incurred while completing an advanced degree.

Features
  • Loan amounts from $1,000 to $50,000
  • Variable rate

Higher Education Loan*
The rate quoted is effective as of 4/17/2014 and is subject to change without notice.

APR Loan Amount Terms in Months Estimated Payment
5.25% Up to $50,000 Up to 120 Estimated payment $116 based on a typical loan of $5,000 for 48 months
Variable rate, subject to change after consummation.
APR = Annual Percentage Rate.


For information on admissions and degree requirements, contact the college or university you plan to attend.

Recent changes in regulatory requirements to loans with the purpose of post-secondary education expenses requires additional disclosures and completion of a self-certification form. The borrower must sign and complete a self-certification form before funds can be disbursed on a Special Curriculum, Higher Education or Personal loans for the purpose post-secondary education expenses.

In addition, the new regulation gives the borrower a three day rescission period. During the rescission period the borrower can cancel the loan and the lender cannot disburse loan funds. The rescission period starts when the all applicable loan documents have been signed by the borrower(s).




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