The Feild Co-Operative Association loan maximum amount is $6,500.00 per year and does not accrue interest until the loan is in repayment. At that time the loan will accrue a fixed rate of 3% per annum.
Students may borrow for a period of four (4) years if there are no changes to the students eligibility or credit.
First payment on account is due no later than four months from date of graduation, or withdrawal from college for any reason.
In order to save interest for themselves, to eliminate the college debt more quickly, and make the funds available to others, borrowers are urged to repay their loans ahead of scheduled time, if possible.
If you meet all of the requirements please click here to request an interview.