Leaving Certificate results arriving.. What’s next?

With the leaving cert results out on Tuesday 13th August 2019, next will be the CAO first round offers on Thursday 15th August 2019. As students excitedly await results and wonder what college courses will be on offer – parents may be feeling a little more anxious, worrying how they will fund the associated costs related to third level education. According to a recent survey by the Irish League of Credit Unions, “half of parents will cut spending on clothing/ goods for other children in the family to cope financially. Close to a third will even sacrifice spending on food/groceries. While a quarter will reduce spending on household bills in an effort to meet third level costs.”

We at Waterford Credit Union understand the expense parents/guardians face and the sacrifices they make, to ensure their son or daughter is given the opportunity to attend college/university. Which is why we have a very competitive, low-cost Education Loan available for those starting, returning or finishing college (thus, starting their first job).

Note that education loans are available to both students and parents.

Education Loans options – rate 6.5% (APR 6.69%)

(1) The “We Look after our own Education Loan”

Flexible loan amounts over flexible terms. Available to parents and the student.

Example: €3,250 borrowed over 2 years at a variable rate of 6.5% (APR 6.69%) equates to 104 weekly repayments of €33.35 and a total amount repayable of €3,467.02. Total cost of credit €217.02.

(2) College Finance Complete Package

This package provides cost effective and flexible repayment options for parents funding their child through college. It is an interest only repayment from years 1-4. Full repayments (interest + principal) in years 5,6 and 7.

(3) The Get Set Graduate Loan

This loan will help students make the transition from college life to working life easier by providing a discounted interest rate towards accomodation deposits/first car etc.

Speak to our lending team for full details and terms & conditions relating to each option.

Call: 051-861 616

Email: loans@waterfordcu.ie

Enquire: https://www.waterfordcu.ie/loans/#enquire

Educational Bursary

For your chance to win €1000 towards your college fees check out our 2019 Educational Bursary at https://www.waterfordcu.ie/third-level-educational-bursary/