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CONTINUING EDUCATION LOAN


 
Quick Facts
Up to $15,000 available annually
Easy online application
Interest rate LIBOR + 3.20%1 for qualifying borrowers
Make no payments while in school
Covers past-due balances

If you are enrolled less than half time in a degree program or any number of hours in a certificate or technical training program, the Continuing Education Loan can help you cover your education costs.

Here’s why students choose the Continuing Education Loan:

  • Generous borrowing limits
  • No payments required while enrolled
  • Quick online application with fast approvals
  • Loan funds disbursed directly to you
  • Rate reduction available during repayment2
  • Use to cover past-due balances
  • Co-borrower release3

Need to learn more?

Go to the following links to learn more about the Continuing Education Loan.

Ready to apply?

Use our fast online application or call us at (800) 255-8374.


1 The variable interest rate is based on the LIBOR Index plus a margin of 3.20% and is subject to quarterly adjustment. The interest rate used in this example and in effect as of 04/25/2007 is 8.52%. The LIBOR Index is equal to the average of the one-month LIBOR rates as published in the "Money Rates" section of the Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding each quarterly adjustment date. LIBOR means the London Interbank Offered Rate. The interest rate and APR will increase during the life of the loan if the LIBOR Index increases. The loan terms described are for the 2007-2008 academic year and are subject to change. Follow this link to review the Annual Percentage Rate (APR) and other loan terms.

2 Follow this link for more information about the rate reduction program How Can I Save Money On This Loan?.

3 After you have made all of the first 48 scheduled payments on time, your co-borrower will be eligible for release from his or her repayment responsibilities upon your request.

Equal Credit Opportunity Lender

The Continuing Education Loan is funded by Wachovia Bank of Delaware, N.A. and guaranteed by The Education Resources Institute.



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