Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or currently enrolled at a less than half-time degree program offered by the Harvard Chan School of Public Health, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR.You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes your loan will enter immediate repayment after disbursement, and the lowest rate accounts for a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, through any grace or deferment period, and ending when the loan is paid in full. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Borrowing $10,000 at 7.75% and 15 year term, results in 7.75% APR, monthly payment of $94.13, finance charge of $6,943.40 and total repayment of $16,943.40.
2. PAGO AUTOMÁTICO. Para ser elegible para la reducción de la tasa de interés del 0,25% para pagos automáticos, debe estar registrado para pagos automáticos a través del Servicio de Cuenta Universitaria (UAS). El pago debe realizarse desde una cuenta bancaria de EE. UU. Si en algún momento se suspenden los pagos automáticos, no se aplicará el descuento de tarifa. El descuento no reducirá el monto del pago mensual, pero le ayudará a liquidar el préstamo más rápido. No se requiere el pago automático para obtener un préstamo. HUECU se reserva el derecho de modificar los descuentos de tarifas en cualquier momento.
3. DESCUENTO POR COSIGNATARIO. Para poder beneficiarse del descuento por cofirmante, éste debe cumplir con los requisitos de suscripción y crédito.
4. PRIME RATE. All current HUECU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2022
5. AFILIACIÓN. La afiliación a la Cooperativa requiere un depósito mínimo de 5 dólares en una Cuenta de Ahorro.
