Student Loans LOC

Education Loans Up to $30,000.00 

New Waterford Credit Union offers loans and lines of credit to full time or part time students attending any post secondary educational institution that is recognized by the Department of Education.

Full time students may borrow up to $5000.00 for each year of undergraduate study, to a maximum of $20,000.00. Postgraduate students may borrow an additional $5000.00 per year to a maximum of $30,000.00. Part time students may borrow up to $2500.00 for each year of study to a maximum of $15,000.00.

  • Make interest only payments while in school
  • A flexible payment schedule upon completion
  • Interest rate at prime plus two percent
  • 6 months grace following graduation
  • Life Insurance available to qualifying members.
  • A co-signer may be required
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