Belco Now Offers Members A Private Student Loan Solution

Aug. 18, 2010 - PRLog -- Recognizing the need for private student loans for its members, Belco Community Credit Union now offers a funding solution to students and their families with the EdAccess private student loan, which is available through www.belco.org.  

With college enrolment at an all time high, paired with the escalating cost of tuition, this private loan solution provides families with a product to assist them with funding higher education. The EdAccess loan can help pay for all qualified education expenses, including tuition, room and board, books, computers, even past due tuition bills. This private student loan option also includes a unique financial literacy component that helps students learn good credit habits and build their credit scores while they are still in school.

“We are very excited to be able to offer private student loans,” said Lonny Maurer, Belco President/CEO. “With the price of college on the rise, students and parents are finding it difficult to afford higher education. Our private student loans take over when federal funding is exhausted, which allows students to focus on learning, not wondering how to pay for the next semester.”

EdAccess Private Student Loan Benefits:
•One of the lowest interest rates in the industry, and with good grades, students get even lower rates.
•1% interest rate reduction once you repay 10% of the loan.
•30-day no-fee return policy allows you to cancel the loan if you find a better option.
•No cosigner required for juniors and seniors. Creditworthy students can apply on their own.
•Email statement and small monthly $25 payment that help build a credit score while still in college.

More information is available on our web site, belco.org. You can also apply online anytime at belco.org.

About Belco Community Credit Union
Belco Community Credit Union was organized in 1939 as a federally chartered credit union, serving the employees of Bell Telephone Company of Harrisburg, Pennsylvania. Belco's conversion to a state chartered credit union in 1997 opened the doors to expanding services to other businesses in Central Pennsylvania. Prior to receiving community charter approval in July 2005, Belco served a diverse group of over 700 partner companies and organizations.  Belco is a community chartered credit union that is open to businesses and anyone who lives, works, worships, or attends school in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry or York counties. Belco currently has nearly 49,000 members and $315 million in assets. For more information, visit Belco Community Credit Union on the web at www.belco.org or call (717) 232-3526 (Harrisburg Area) or (800) 642-4482 (all other areas).

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Belco Community Credit Union is a community chartered credit union that is open to businesses and anyone who lives, works, worships, or attends school in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry or York counties.