Throughout life’s journey, St. Thomas Federal Credit Union is here to help you reach your financial goals. Money 101 is our ongoing education series—built for the people of the Virgin Islands—to show practical ways to get the most out of your money so you can get the most out of life.
A new school year is an exciting time, but it’s not always easy on your wallet. Supplies, books, uniforms, laptops and registration fees all add up fast, and suddenly going to school becomes a serious financial burden. We believe that no one should struggle just to get an education, so we’ve built ways to help our members.
Education Costs Don’t Wait for Payday
The problem with education expenses tends to be timing. The more kids you have, the harder it gets to make the math work, but adults pursuing their own education feel the sting, too.
Credit cards and savings can help cover the costs, but neither is always ideal. Credit card interest compounds fast and pulling from your emergency fund can leave you struggling if a real emergency hits later.
At St. Thomas Federal Credit Union, there’s another option and it might be better for you.
STTFCU Education Loans
As a member-owned credit union, our job is to make life easier for our members, and one way we do that is by helping you invest in your family’s education. Our Education Loans give you a straightforward, structured way to cover education expenses, with a fixed rate and term so you know exactly what you’re paying and how long it will take.
We offer:
- APR as low as 8%, priced to help our community, not profits
- Borrow from $500 to $3,000, so you can get the help you need
- Repay in up to 24 months, with predictable fixed payments
- Available year-round, so you can get what you need even mid-semester
STTFCU Education Loans can be used for most, if not all, education-related expenses from grade school to university, including:
- Tuition and registration fees
- Uniforms, supplies and textbooks
- Laptops, tablets and other technology students need
- Extracurriculars, sports fees and school trips
You don’t have to navigate on your own. Apply online, call us at (340) 774-1299 or stop by the branch and we’ll walk through your options together.
And stay tuned to this website for more helpful Money 101 articles that will help you achieve your financial goals.
*Loans subject to credit approval. Restrictions may apply. Rates and terms may change. Federally insured by the NCUA.