All you need to know about our Education Loan

All you need to know about our Education Loan

It’s no secret that students in Ireland are stressed about the cost of their third level education. 57% of students said third-level related finance and debt was one of their most significant worries in a national survey the Irish League of Credit Unions carried out recently.
An Enniscorthy Credit Union Education Loan could go a long way towards alleviating this stress for all the family. But why exactly is our Education Loan better? We’ll tell you exactly why!

A flexible Education loan

You may not know that our Education Loans are very different to loans from other financial institutions, and come with significant benefits. Not least, flexibility. When you take out an Education Loan, the loan officer will work with you to structure the repayments in a way that suits your financial circumstances best.
If you find yourself in a situation where you cannot meet repayments, the credit union is willing to restructure your loan repayments so they are easier for you to meet. Likewise, should you find that you can repay the loan sooner, you can do so without any financial penalty. This is not the case with other loan providers.
In short, our Education Loan loan takes the stress out of the financial side of college.

A Low Rate Education Loan

We offer a great rate of 6% (APR 6.2%) on our Education loan, which offers great value to our members, the loan is flexible - you can pay off a lump sum with no penalty, we like to support our members and their family!  take a look at the below comparison table.

An ethical loan

Enniscorthy Credit Union is a not-for-profit, ethical lender. We are community based and democratic. This means that our members have a say in how the credit union is run and operated. When you take out a Education loan, the interest you will pay is not making shareholders richer, but is going back into our credit union to help others just like you.
When you submit a Education loan application to us, you can be guaranteed that your application will be reviewed fairly and in full. We will always go above and beyond to grant your loan, but will ensure that doing so will not put you under any financial pressure.
In short, our Education Loan is the human way to get a loan.

Brenda O'Neill Scholarship Draw

If you or someone you know is starting a PLC or Third Level Course this year - they can enter our FREE Scholarship Draw, Application Forms can be downloaded from our website or you can pick one up in any office - the student needs to be a member of Enniscorthy Credit Union to apply and we give away 8 prizes totaling €9,000.  Get the application in now and we will be in touch once the year starts to request proof of course attendance. Check out more information here .

An Education loan for parents

It’s not just students who are feeling the pinch of third level education. Their parents also admit to being stressed over the costs. Our survey revealed that half are cutting costs on family clothing and goods to cope with third level costs. More than three quarters said they were struggling to meet all of the associated costs.
The good news for these parents is that our Education loan is available for parents of students, in facet nearly all our loans are taken out by the parent/s. These loans are also offered with flexible terms, and like all credit unions, are straightforward with no hidden fees or admin charges. Parents who want to find out more about third level education loans can contact us by calling in to any of our offices in Enniscorthy, Ballymurn, Murrintown and Taghmon, giving us a call on 053 9233835 or you can email loans@enniscorthycu.ie.
Get in touch today as once approved you have 90 days to draw down the loan - just in time for September.

We Like to say YES

Download info sheet 

Third Level Scholarship Form

PLC Scholarship Form

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