Line-of-Credit Details

PLEASE NOTE: In accordance with regulatory guidelines, students who are on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List are NOT eligible for this private education line of credit. In addition, students that reside in countries with OFAC comprehensive sanctions are NOT eligible for this private education line of credit during the time they reside in those respective countries. Please see for further information.




Trusted for more than 75 years, Elements Financial Federal Credit Union wants you to become our next new member and stay with us for life. We have it all, from student loans to checking and loans…and so much more. As a credit union, we exist not for profit, not for charity, but to serve the economic well-being of our members. We're proud to bring this philosophy to student lending - helping you finance a higher education without a higher price tag.

Key Features of Elements Financial Federal Credit Union's International Educational Line-of-Credit Program:

  • Finance up to $100,000 (depending on educational program)
  • Available to international students (students who are not U.S. citizens or U.S. permanent residents, and require a visa for entry to the United States)
  • Apply once and secure financing for your entire graduate studies with unique Line of Credit structure
  • Low interest rates
  • 3% draw fee added to each loan disbursement
  • Co-borrower not required, but having a qualified U.S. co-borrower could result in a lower interest rate
  • A co-borrower release option is available to credit worthy borrowers who make 48 consecutive on-time payments during the principal and interest repayment period, elect to make automated payments, and meet additional requirements (such as salary and debt-to-income ratio). You must apply and be approved for this option after the 48 month period. Other terms and conditions may apply, and option may be revoked or modified without notice.
  • Flexible repayment options, including full deferment of payments while in school
  • 20 or 25 year repayment period, depending on principal balance when entering repayment – or repay early at anytime with NO penalty
  • 0.25% rate discount for automatic electronic payment during repayment*
  • Optional graduated repayment which provides lower payments during the first two years of repayment
  • 24/7 Call Center and Online Application
  • Loan is granted and held by your not-for-profit credit union - a lender relationship you can trust

*When your loan is in full repayment, you can receive a 0.25% rate discount by electing to make automatic electronic payments. The rate discount will only become effective during full repayment. If your loan is in deferment or you are making interest-only payments, the rate discount will not apply. If your line of credit is subject to a floor rate (also known as a minimum interest rate) as specified in your promissory note, your rate will never be less than the floor rate.

Frequently Asked Questions about the Elements Financial Federal Credit Union International Educational Line-of-Credit Program:

Click here to visit FAQ.

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