Charter One Continuing Education Loan

Charter One Continuing Education Loan (CEL) Borrower Benefits
For part-time, less than half-time students (or non-degree students)

0.25% interest rate reduction for automatic payment deduction from any bank account.¹
Competitive rates and fees.³
Students may be enrolled less than half-time.
Repayment term of up to 20 years.

How to Apply

Click here.
Call 1-800-721-3969.

Already applied? Check application status.

If you have any questions during the application process, please contact us at 1-800-721-3969. Again, thank you for choosing Charter One!

Eligibility

Enrolled in school less than half-time (as determined by your school).
Attending a TERI-approved school (call 1-800-721-3969 to confirm eligibility of school).

You or your co-signer must also meet the following credit guidelines:

Have a satisfactory credit, residence and employment history of at least 2 years;
Have proof of current income (If self-employed, have been in business for at least 2 years); and
Be a U.S. citizen or permanent resident and have resided in the U.S. for the previous 2 years.

Features and Benefits

Payments can be deferred while students are in school.
Can be used to finance existing or past due balances - no time limit.

Interest Rate and Fees

Call 1-800-721-3969 for current rate information.

Borrowing Limits

Borrow annually up to $15,000.
$30,000 aggregate maximum borrowing limit.
$1,000 minimum loan amount.

Disbursement

Payable to student and school.

Repayment Terms

Take up to 20 years to repay.
No prepayment penalties.
Minimum monthly payment as low as $25.

Repayment Options

If you are in a certificate or degree granting program, you will make no payment until the earliest of:

Two years after first loan disbursement.
Six months after graduation, or
Six months after enrollment has ended.

If you are in a non-degree or non-certificate program, you will make no payment until the earlier of:

Six months after end of the academic period for which the loan is taken, or
Six months after enrollment has ended.

Qualification

Approval for the loan programs listed above is based on a student's good credit standing. If the student does not have any credit or, has low credit, a cosigner may be required. The cosigner must also have good credit and the proven ability to repay the loan.

When filling out the online TERI Loan application, you'll need the following information:

Name
Address
Phone Number
Date of Birth
Social Security Number
Annual Income (if applicable)
Employer Name/Phone Number
Monthly rent or mortgage payment
Name of school you plan to attend
Loan amount requested

Value Added Services

Our Student Financial Handbook is a valuable resource for students. It is designed to help with budgeting for expenses and includes money-saving tips and potential tax benefits. It provides comprehensive guidelines for college students on their personal finances and advises them on using their credit options wisely. Simply call 1-800-721-3969 to receive your FREE copy today.

About Charter One

As a leading provider of education financing, Charter One prides ourselves on making education possible for students. We offer education financing products for undergraduate, graduate, professional, continuing education and international students.

For More Information

Other Rates and terms available. Please call 1-800-721-3969 for details.

Please click here to return to the Tri-State University Financial Aid page.

All accounts, loans, and services are subject to individual approval. See a banker for details.

¹ The 0.25% interest rate reduction is available to borrowers who arrange with the loan servicer to automatically deduct monthly payments from their bank account. The rate reduction will begin when automatic principal and interest loan payments start, and will remain in effect as long as automatic payments continue without interruption. The reduced interest rate will return to contract rate if automatic payments are cancelled, rejected or returned for any reason.

² Rates and fees may vary depending on your credit score and your co-signer’s credit score (if applicable). And for undergraduate borrowers of the Charter One Loan Programs, the repayment option selected will also determine the actual rates and fees.