Eligibility is determined by the school, but it is not based on need. However, the borrower must have a good credit history. The parent may borrow up to the difference between school costs minus the estimated financial assistance. Repayment by the parent begins within 60 days after the loan is fully disbursed. Alternative Loans Loans directly from the Credit Union.
Repayment plans are flexible, rates are competitive, and approval is based on credit history.
Savings Loans Money in savings accounts or certificates of deposit accounts can be used as security for an education loan. Grants and Scholarships Check with your financial aid office. Your high school counselor will also give you a list of all the grants and local scholarships available. This student-loan information is subject to change. Check with your financial aid offices for the most current information.