Education Expenses

Education Expenses

Education is an investment in your future. Commerce is here to make your education plans happen!

  • Bridge the gap between federal loans and the cost of education
Choose a Commerce borrowing solution for your education funding needs:

Helpful Tools

Type How it helps you Amounts available Access to funds Get answers

Private Student Loan

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  • Competitive interest rates, helps build credit
  • Helps bridge the gap between financial aid and scholarships and the full expense of college
$1,000 minimum. Varies by school.

Home Equity Loan

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  • Fixed monthly payment
  • Tax-deductible interest *
$10,000 minimum; up to 90% of the equity in your home Three business days after closing, by check or direct deposit into your Commerce account

Personal Loan

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  • Low fixed rate, no collateral required
$7,000 minimum Same day, by check or direct deposit into your Commerce account.

Home Equity Line of Credit

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  • Low interest rates
  • Tax-deductible interest *
  • Reusable source of funds that can be used each year
  • Great for expenses that vary such as books, housing expenses and even tuition
$5,000 minimum, up to 90% of the equity in your home Three business days after closing. Write checks or transfer funds in Online Banking, by phone or in the branch.

ReadyLine of Credit

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  • Ongoing source of funds, check access for expenses that canít be paid with a card
  • Perfect for expenses that vary such as books and housing
$500 to $15,000 Same day, write checks or get cash advances in the branch

Credit Cards

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  • Earn rewards when you use it
  • Ideal for every day purchases, books, travel, and more
Varies Upon receipt of card

Disclosures:

  • Consult your tax advisor regarding the deductibility of interest.