In order to afford your education, you may require financial assistance to pay the tuition fees and costs associated with “investing” in your education. ASCU can set you up with a Student Line of Credit so you have access to funds as you need them.

A Line of Credit is an approved loan. You only have to apply once and it establishes a pre-approved amount that is then available as you need it. It gives you greater financial flexibility as you pay only on the amount you use, for the time period you use it.

Benefits and Features:

          >> Student Lines of Credit are available to full- or part-time students attending a                post-secondary educational institution that is recognized by the Department of                education
          >> Interest rate at Prime +2%
          >> While in school, you pay only the monthly interest owing on your line of credit
          >> Regular payments on the principal do not begin until six months after leaving                your schooling
          >> Repayment amortizations range up to 10 years, depending on your loan                balance
          >> Credit Life and Disability Insurance is available
          >> A co-signer may be required to qualify a student for a line of credit

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