About Texas Dow Employees Credit Union
Serving the Texas Gulf Coast, the Texas Dow Employees Credit Union is a small financial institution serving Dow Employees with personal banking and insurance needs, as well as private student loans for college students. TDECU simplifies their private student loans by offering one simple loan both for parents looking to cover the gaps in federal funding and other scholarships, as well as students who are going back to school and paying for it themselves. TDECU is one of the few banks lets you play only interest for an extended period of time (up to 72 months, or while you are still in school), and then an additional five years to pay off the principal.
Private Student Loan Name: Interest Only Parent’s Survival Loan
Loans for Which Students? Undergraduate students
Minimum/Maximum Amount per Student: Up to the cost of attendance, less any other aid (including scholarships, federal grants, and other loans)
Rates: (varies depending on credit score) See website for latest rates
Repayment Terms: Up to 10 years, with interest-only payments for the first 72 months
Other Information: In addition to flexible repayment options in terms, you can also choose to repay your private student loan in weekly, monthly or bi-monthly installments. To take advantage of a reduction in interest-rates through automatic payments (loan payments are taken directly from your bank account), your loan must be linked to a TDECU checking account.
How to Apply/Contact Information: Apply Online.