A new school and college year has begun and many families are beginning to organise the costs that often come with education.
For some, those costs may include a new laptop, books, or other study materials. For others, the focus may be on CAO offers, college fees, accommodation, travel, and the equipment needed for further education.
The financial requirements can differ from student to student, but planning for them is often part of preparing for the year ahead.
Back to School and College Costs
The start of the academic year can bring a number of expenses.
Students entering Leaving Certificate year may need additional resources to support their studies. Those progressing to third level education may be planning for registration fees, accommodation payments, travel expenses, and course related equipment.
With several costs often arising at the same time, many families look at different ways of managing them.
Phoenix Credit Union Education Loans
Phoenix Credit Union offers an Education Loan for members who require financial support for education related expenses.
Borrowing may be used towards:
- Laptops and study technology
- College and university expenses
- Course materials and equipment
- Accommodation costs
- Other education related purchases
Flexible repayment options are available across all loans.
Education Loan Rate
Education Loans are available from Phoenix Credit Union from7.77% APR.(Annual Percentage Rate). Before making any borrowing decision, applicants should consider the amount they need and the repayments involved.
Ways to Apply
Members can submit an Education Loan application in several ways:
- In branch
- Online through the Phoenix Credit Union website
- Through the Phoenix Credit Union App
- By phone on 01 869 2500 or free phone our loans department at 1800 215 215
- By email at loans@phoenixcu.ie
Those who are not currently members can join online or by visiting a Phoenix Credit Union branch.
What We Require from You
Loan applications are assessed using information relating to income, outgoings, and identification.
Outgoings
- One months most recent bank statement for each active bank account
Proof of Income
Employed
- One recent Payslip
Self Employed
- 2 years most recent Notice of Assessment and Tax Clearance Certificate
Social Welfare
- Recent payment receipts (if payments are not made directly into the member’s account)
Identification
- Photo identification such as a Passport or Driving Licence
- Proof of address such as a recent utility bill, bank statement, or household or motor renewal letter
- Proof of PPSN, such as a payslip or Revenue document
Having the required documentation ready when applying can assist with the loan assessment process.
Helping Members Prepare for the Academic Year
The period leading up to the start of term can be a busy one for students and families.
Some may be preparing for the Leaving Certificate. Others may be getting ready to begin college following a CAO offer or returning for another academic year.
Phoenix Credit Union’s Education Loan is available to help eligible members manage education related expenses with flexible repayment options.
Learn More
To find out more about Phoenix Credit Union’s Education Loan, visit your local branch, contact the loans team, or visit www.phoenixcu.ie.
Phoenix Credit Union is regulated by the Central Bank of Ireland. Lending criteria, terms and conditions apply. APR means Annual Percentage Rate. All loan rates are variable. Restrictions may apply.
