Your Journey. Our Commitment.
You're embarking on one of the most important journeys of your life! From the loan application process, to graduation and beyond, ECU will be here every step of the way.
Student Line of Credit
A private student loan from ECU can help bridge the funding gap between scholarships, federal loan options and your total educational expenses. ECU's revolving line-of-credit allows the student to set up the loan one time, and then make advances each semester to cover costs. Whether you are just out of high school or working on your second degree, ECU is here to help with great fixed rates and interest-only payments until graduation.
- Low Fixed Rate Student Lines of Credit, so your rate will never increase.
- No Application or Processing Fees, Lengthy Forms, or Annual Renewal!
- Fast approval!
- No pre-payment penalties
- Your loan can cover tuition, room and board, books, fees, and other expenses with multiple terms and financing options available
- No minimum credit hour requirement, Summer & Winter Terms covered, and you can use your student loan to pay for Industrial & Technical School programs
- Up to 25 years financing* and you'll make interest-only payments until graduation, which keeps the amount of interest paid much lower.
*Certain restrictions apply.
Student Loan Consolidation Program
We know that college can be expensive, and it’s very common for students to have multiple loans from several different lenders, and the rates can vary by lender.
We can all appreciate the convenience and simplicity of having one loan and one payment! ECU’s student loan consolidation program does just that and there’s no fee to apply. Better yet, we offer great fixed rates as low as 3.50% APR*!
Federal Loan Consolidation: Federal student loans are funded by the federal government. Private student loans are nonfederal loans, made by a lender such as a bank, Credit Union, state agency, or a school. Federal student loan programs offer various benefits and repayment options, such as income-driven repayment plans or loan forgiveness programs. If you consolidate or refinance your federal loans with a private lender, such as ECU, you will lose benefits available to federal student loan borrowers. For more information, visit www.ed.gov.
Subject to Approval. APR is Annual Percentage Rate. Your rate may be higher depending on credit history, underwriting criteria and loan amount. Certain restrictions may apply.