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Student Line of Credit
Let ECU bridge the gap between you and your dreams!
Features
A private student loan from ECU can help bridge the funding gap between scholarships, federal loan options, and your total educational expenses. The line of credit allows you to set up the loan one time and make advances each semester to cover costs.
- Low fixed rate
- No application/processing fees, lengthy forms, or annual renewal
- Fast approval
- No pre-payment penalties
- Interest-only payments until graduation
- 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*
*Certain restrictions apply.
Rates
Student Line of Credit Loan Rates
Rates are subject to change.
| Loan Term1 | Rate Type | APR2 as low as | Payment Example3 |
|---|---|---|---|
| 132 Months | Fixed Rate | 4.400% | $113.80 |
| 168 months | Fixed Rate | 4.900% | $114.93 |
| 192 months | Fixed Rate | 5.400% | $116.06 |
| 252 months | Fixed Rate | 5.900% | $117.20 |
Rates accurate as of December 1, 2024 and are subject to change.
1Term listed is repayment period beginning six months after graduation.
2APR refers to Annual Percentage Rate. Your rate may be higher depending on credit history, underwriting criteria, loan amount and school accreditation. Certain restrictions may apply.
3Payment example is based on $5,000 for 48 months. The minimum monthly payment is $100. To calculate your estimated payment, please use our payoff calculator.