COLUMBUS, Ohio – MidState Educators CU said it will begin offering private student loans through the Credit Union Student Choice program.
Students enrolled at least half-time in a four-year degree-granting program at a public or private non-profit school are eligible for CU Student Choice Loans. Once approved for a CU Student Choice loan, students can borrow from $1,000 up to the cost of attendance, less any other financial aid awarded. With a Student Choice loan, a student receives a line of credit of up to $75,000, which can be accessed as needed throughout the college years.
CU Student Choice loans feature several repayment options that can be selected, depending on a student's particular situation, including fully deferring payment while in school, making interest-only payments during school and immediate repayment of principal and interest.
