An Educational Loan is a member loan at a discounted rate designed to help you fund education-related costs such as college fees, accommodation, textbooks, course materials, or living expenses while studying.

Anyone who is a member of Connect Credit Union.

You can use the funds for a wide range of education-related costs, including:

College/university fees

Course registration costs

Books and materials

Rent or accommodation

Other study-related living expenses
There’s flexibility depending on your needs

Loan amounts and terms vary depending on your needs and eligibility. This can be agreed at application and tailored to your repayment ability.

If you don’t have a regular income (for example if you’re a full-time student without employment), a guarantor (often a parent or guardian) may be needed who agrees to take responsibility if you’re unable to repay the loan

To apply you’ll be asked for:

Recent payslips and bank statements (for applicant and guarantor if needed)

Proof of education (such as course registration or acceptance letter)

Yes — you can make lump sum repayments or pay the full loan early without penalty, which reduces the total interest paid

Processing time varies depending on documentation and loan type, but you can start the process instantly online and the team will review your application shortly after submission.