From textbooks
to tuition, we've got you covered.
Don't let the rising costs of higher education
get you down. Whether you need to cover smaller expenses
like books and meals or you need several thousand
dollars to assist with tuition costs, we're here
to help.
Our partnership with CU Student Higher Education
Loan Program (CU Student H.E.L.P.) helps students
fill the gap between the cost of attendance and traditional
financial aid. With a CU Student H.E.L.P. loan, no
payments are required while the student is enrolled
at least half-time. Other benefits include a 12-month
grace period after graduation and no penalty for
prepayment.
Apply
Online today
and receive an online decision in less than a minute.
Or you can apply by phone at (877) CUEDLOAN or
(877) 283.3562.
Undergraduate and Graduate Loans
Loan
Minimum: |
$500 |
Loan
Maximum: |
The
Total Cost of Education for your school minus
other financial aid, up to an aggregate lifetime
maximum of $250,000. |
Interest
Rate: |
Competitive
rates exclusive to credit union members. |
Loan
Fees: |
Competitive
fees exclusive to credit union members. |
Grace
Period: |
12
months after graduation. |
Incidental
Loan Option: |
$500
to $3,0001 |
Cosigner
Required? |
City
of Painesville Employees CU encourages all
loan applicants to apply with a creditworthy
cosigner to increase their chances of approval
and of obtaining a lower interest
rate and/or loan fee. |
Additional Program Features
- Borrowers can apply online 24/7 and get an online
decision in less than a minute;
- Cosigner is eligible for release during repayment2;
- Borrowers may receive interest rate reductions
for auto-debit and on-time payments2;
- Level and graduated repayment options with forbearance
up to one year; and
- No prepayment penalties.
Borrower Qualifications
To be eligible for a City of Painesville Employees
CU Student H.E.L.P. loan, the borrower must be
18 (19 in Nebraska and Alabama, 21 in Puerto Rico & Mississippi)3
by the date of application, enrolled at least half-time
in, or admitted to, an eligible institution and
a U.S. citizen or eligible non-citizen holding
a valid, unexpired USCIS form I-151 or I-551. Borrower
must be making satisfactory academic progress.
Apply
Now
CU Student H.E.L.P. is administered
by CampusDoor. All loans are subject to credit approval.
Lender is Lehman Brothers Bank, FSB. Equal Opportunity
Lender. City of Painesville Employees CU is compensated
for the referral of private loan customers to the
Lender.
1 - The incidental loan can be a maximum
of 30% of the requested loan amount, up to a $3,000
maximum loan amount, with a minimum loan amount of
$500. Please note that if the Financial Aid Office
reduces the loan amount at certification, the amount
of the incidental loan may be reduced or possibly
eliminated.
2 - Borrower benefits terms and conditions
are subject to change.
3 - Mississippi residents under the
age of 21 may borrow with written consent from a
parent or guardian. |
Equal Housing Lender.