Educator Loans
CapEd offers Educator Loans to educators engaged in private, charter, public, parochial, or community education in the state of Idaho.
Educator Loan Benefits
- May assist you with classroom expenses not covered by the school district.
- May assist you with living, relocation, wardrobe, or supply expenses until you receive your first paycheck.
- May assist you with the expenses associated with working towards certifications inside or outside of your current field.
You can borrow up to $3,000 in up to a 24 month loan term.
How to Qualify For An Educator Loan
- Must pass standard credit criteria.
- Must have an active rewards checking account (High Yield Checking™ or Cash Back Rewards).
CapEd Credit Union Educator Loans
Educator Loan rates current as of .
Educator Loan Rates
| Amount | Loan Term | APR | Monthly Payment per $1,000 Borrowed |
|---|---|---|---|
| $750 | 6 months | 0.00% | $166.67 |
| 12 months | 0.00% | $83.33 | |
| $751 - $1,500 | 6 months | 0.50% | $166.91 |
| 12 months | 1.00% | $83.79 | |
| 18 months | 2.00% | $56.44 | |
| 24 months | 3.00% | $42.98 | |
| $1,501 - $3,000 | 6 months | 1.00% | $167.15 |
| 12 months | 2.00% | $84.24 | |
| 18 months | 3.00% | $56.88 | |
| 24 months | 4.00% | $43.42 |
Educator Loan Features
Term Options for educator loans.
Up to 24 months
Fees for educator loans.
No application fee
Start Your Application Today
Easily apply online for a educator loan or find a CapEd location to apply in person.
Questions?
Disclosures
All loans are subject to approval. Rates listed are base rates. Rates, terms, and conditions may change without notice and may vary based on creditworthiness, qualifications, loan amounts, and collateral conditions.
