No matter what your education or career goals are, it is helpful to begin preparing early. Castlebar Credit Union encourages starting a savings account from a young age. However sometimes savings may not be enough to cover all educational costs, particularly at third level.
As the cost of college increases, more and more students are in need of college loans to help pay for their educational expenses. These expenses can include tuition fees, travel, laptop, room and board, and other associated expenses.
Aware of the additional financial needs students may incur at this time Castlebar Credit Union offers a student loans package to deal with the difficulties of going to college. The student loan offers third level students a special reduced interest rate of 6.5 per cent (typical APR 6.71 per cent ).
Typical repayments *
€19.88 per week for €1,000 loan over one year, total cost of loan €1,033.34
€35.29 per week for €5,000 loan over three years, total cost of loan €5,504.26
* Terms and conditions apply.
Castlebar Credit Union is associated with GMIT Castlebar and set up the Brendan Hopkins Scholarship Fund in 2006. It offers three scholarships worth €1,500 each to students of GMIT, Castlebar. Contact the GMIT Castlebar Campus for further details.