TERI Continuing Education Loan - CEL

TERI Continuing Education Loan (TERI CEL) is for students attending school part-time.

• Student must be credit-worthy and enrolled at an approved institution
• Borrow from $1,000 to $15,000 annually
• May be used towards past due balances owed to school (past due invoice from school required for verification)
• Principal and interest payments begin six months after full disbursement
• Up to 20 year repayment term¹
• Interest Rate is Prime² - .50% and adjusts monthly
• Fee of 5% at disbursement

• Apply ONLINE
• Apply by PHONE, call us at 1-877-370-2885, press 2 to speak with a representative who can take your application over the telephone.
• Apply by FAX, download the application and brochure. Fill it out and fax to 1-888-329-8374
• Apply by MAIL, download the application and brochure.

For additional information, you can:

• Call us at 1-800-2-FLEET-5 (1-800-235-3385)
• Submit a request for information now

¹For example, if you borrowed $5,000 at a variable interest rate of 4.25% for a 10-year repayment term, your APR would be 5.25% and your 120 monthly payments would be $55.06. This assumes immediate repayment of principal and interest beginning six months after full loan disbursement, 5% fee included in the loan amount. Additional terms and conditions may apply.

²The interest rate is variable, based on the Prime Rate as published in The Wall Street Journal minus .50%, which is 3.75% as of 1/1/2003 .

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