Types of UNI Financial Cooperation Student Lines of Credit
A student line of credit from UNI Financial Cooperation is a great financing solution to cover education-related expenses. With this line of credit, you as a student get access to an approved credit amount that you can use whenever you need it. UNI Financial Cooperation will charge you interest only for the amount you have actually borrowed. Compared to loans and credit cards, student lines of credit provide lower interest rates.
The maximum credit amount with a student line varies depending on a program and field of study:
- For students enrolled in a two-year college program, the allowed financing amount is up to $6,000.
- For students enrolled in a three-year college program, the allowed financing amount is up to $9,000.
- For students doing an MBA or a master's degree in business administration (M. Sc.), the allowed financing amount is up to $20,000.
- For students enrolled in post-secondary education, the allowed financing amount is up to $40,000.
- For university students studying accounting (CPA), chiropractic, or podiatry, the allowed financing amount is up to $80,000.
- For university students studying law, engineering, pharmacology, veterinary medicine, or actuarial science, the allowed financing amount is up to $100,000.
- For university students studying optometry or pharmacy, the allowed financing amount is up to $150,000.
- For university students studying medicine or dentistry, the allowed financing amount is up to $275,000
How to apply for a UNI Financial Cooperation Line of Credit?
To apply for a student line of credit offered by UNI Financial Cooperation, you must visit their office in person. You can schedule an appointment with a UNI Financial Cooperation advisor in advance by filling out the form on the website.
Requirements
To apply for a student line of credit, you must provide proof of enrollment in a college or university program.
Pros and cons
Here are the benefits of student lines of credit offered by UNI Financial Cooperation:
- Access to significant amounts in financing.
- Competitive interest rates.
- Flexible repayment options.
- An opportunity to continue repaying your line of credit up to six months after graduation.
- Penalty-free early repayment.
- Convenient loan management through AccèsD.
Here are the disadvantages to be aware of:
- Limited geographic availability of UNI Financial Cooperation offices.
- Unavailability of online application.
How to make a payment?
You can pay for your student line of credit from UNI Financial Cooperation in any of the following ways:
- Though AccèsD or the UNI Financial Cooperation mobile app.
- In person at a local UNI Financial Cooperation office.
- At a UNI Financial Cooperation ATM.