PEMBROKE PINES, Fla. – Power Financial CU has introduced a low-rate private student loan product.
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The Power Financial student loan boasts lower interest rates and no origination fees, providing students with significant cost-savings over other financing alternatives.
The credit union offers a maximum educational credit of $20,000, 60-month term with interest-only payment, a 10-year (120-month) repayment period and a variable rate as low as Prime + 3% which is adjusted annually. Advances are permitted during the draw period of four years and payable to an accredited educational entity or member with proof of a purchase voucher.
