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Education Line of Credit
Get your education expenses reimbursed quickly5 with an Affinity Student Visa credit card.
Our Education Line of Credit is a smart way to cover the gap between financial aid and your actual out-of-pockets costs.
Even if you plan on receiving grants or student loans, the cost of education-related expenses can add up quickly. Our Education Line of Credit can help you pay for the full cost of education including tuition, room & board, books, a new computer, travel costs, and more4.
About the Affinity Education Line of Credit
- Rates as low as % variable APR1
- No payments due until 6 months after graduation
- Additional 0.25% APR discount for college graduates with a GPA of 3.5+2
- Zero fees
- Repayment terms up to 15 years available3
- Student can apply with or without a co-signer or parent(s) can apply directly
- Education expenses can get reimbursed directly to an Affinity Student Visa® credit card. A great opportunity for the student to build good credit5
- FAFSA not required
- No collateral required
Apply for an Education Line of Credit today!
There are three easy ways to apply:- Online: Log in to Online Banking and fill out an application
- In a Branch: Visit any Affinity branch to fill out an application in person
- By Phone: Call our Member Service Center at 800.325.0808
1 APR=Annual Percentage Rate. Variable APR is determined at the time of your application, based on creditworthiness, and is subject to change during the term of the loan at any time without notice. Rate quoted is the lowest rate for qualified applicants. Rates are available to Affinity Members only. Quoted rate includes 0.25% APR reduction for automatic payments from your Affinity account, applicable only if all loan payments are made via automatic payments, unless this drops the rate to below the minimum rate. Minimum rates are 3.50%, 4.00%, 6.00% or 8.00% variable APRs.
2 Rate reduction is applicable upon receipt of proof of college graduation and final GPA.
3 Term restrictions may apply based on underwriting criteria and loan amount. No prepayment penalty.
4 A maximum loan amount may apply, if borrower qualifies. Maximum deferment period is 60 months. Proof of school enrollment required for the loan to remain in deferment. Term restrictions may apply based on underwriting criteria and loan amount. No prepayment penalties.
5 A $500 maximum limit applies. Card may be used for other purchases; Affinity will only reimburse charges for qualified education expenses. Available to students ages 18-25. Proof of ability to repay or a qualified co-signer may be required. Reimbursements for approved education-related expenses are made directly by Affinity to the Student Visa® account. Download Affinity's Education Expense Guidelines for full details.
