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EDUCATION
LINE OF CREDIT WHAT IS IT? A line of credit that a student can use to pay for post-secondary educational expenses such as:
WHY DO I NEED IT? The line can help pay educational expenses that aren't covered by Stafford loans, Pell Grants, and other government financial aid. The line will be in the student's name. A guarantor will normally be required. Full and part time students are encouraged to apply. There is no origination fee and no penalty for early payoff. The maximum line amount is $100,000 and the maximum term is 15 years. Interest only payments are made while the student is in school and the interest only period can be extended for 6 months once the student graduates or leaves school. For more information, contact a Bronco Federal Credit Union member service representative. |
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