Student Loans for Parents
America’s Christian Credit Union has more options for families looking to fund a student’s educational journey. The Parent Loan allows parents, family members or friends to help a student cover education-related expenses so they can focus on their studies without having to worry about financing their education.
Benefits of a Parent Loan:
- Available for parents, family members, or friend of the student
- Zero loan origination fees
- Easy one-time application
- Loan available up to $30,000 per school year minus financial aid received
- 5 – 10-year loan terms available
- No prepayment penalty
The loan amount, the interest rate, and the term of the loan can have a dramatic effect on the total amount you will eventually pay on a loan. Use our loan payment calculator to determine the payment and see the impact of these variables on a specified loan amount complete with an amortization schedule.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
1 – APR = Annual Percentage Rate. Loans subject to credit approval. Advertised “as low as rate” APR assumes excellent credit history and maximum rate discount of 0.25% for ACH/automatic payment. Your actual APR may vary based on loan type, your credit history, ability to repay, approved loan amount, term, and applicable discounts. Rates, terms, and conditions are subject to change without notice. Additional restrictions apply.