Educational Loans
SeaComm Federal Credit Union offers a variety of ways to help students and their parents deal with the high costs of an education through Student Loans and Parental Loans.Student Loans SeaComm Federal Credit Union participates in these Federal student loan programs to make low interest loans available to students to help pay the costs of post-secondary education. To be eligible, you must have financial need certified by the educational institution and be enrolled at least half-time. Repayment begins 6 to 9 months after you drop below half-time enrollment. The rate is a variable rate with an interest rate cap of 9%. Please call a Member Service Representative for the current rate and full details.
Parent Loans SeaComm FCU also participates in the Federal PLUS (Parent Loans for Undergraduate Students) program. This program helps the parents of dependent undergraduate students borrow low cost funds to pay for education.
The interest rate for the Federal PLUS program is based on the 52 week Treasury Bill plus 3.1% with a cap of 10%. The borrowing limit is $4000 annually with an aggregate limit of $20,000. Unlike the student loans, there is no grace period for repayment of Federal PLUS Loans.
Phone: 800-764-0566
http://www.seacomm.org/eduloan.html
Headquarters
30 Stearns Street
Massena, NY 13662
