School Loans + Scholarships
Start strong. Climb your mountain.
It takes effort to achieve anything worthwhile. But with the right resources in hand, obstacles can be overcome. That’s why Allegacy offers school loans* and scholarships – to give you the power to scale that cliff and get started on the road to your future.
School Loans
You’re investing in your future – we believe in that. We also understand that where school is concerned, it can be really difficult to make the numbers add up. An Allegacy School Loan may be just what you need to make it work.
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Maximum Borrow Amount
Maximum Borrow Amount
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Enrollment Requirement
Enrollment Requirement
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Repayment Terms
Repayment Terms
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Monthly Payments
Monthly Payments
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Membership Requirements
Membership Requirements
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Competitive Rate
Competitive Rate
College Loan
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Maximum Borrow Amount
- Up to $5,000 per Year
- Maximum of $20,000 over 5 Years
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Enrollment Requirement
- Minimum of 6 credit hours at an accredited school
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Repayment Terms
- Begins 6 months after graduation, immediately upon departure, or once the loan becomes 5 years of age
- Loan converted to monthly payments for up to 10 years based on the loan amount
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Monthly Payments
- Accrued interest payment protection (if applicable) while in school
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Membership Requirements
- Both student co-signer (if required) must be Allegacy members
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Competitive Rate
- As low as 7.50 APR*
Student Loan
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Maximum Borrow Amount
- Up to $7,000
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Enrollment Requirement
- Minimum of 3 credit hours at an accredited school, vocational school or a trade school
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Repayment Terms
- Begins 6 months after graduation, immediately upon departure, or once the loan becomes 2 years of age
- The loan may be deferred for up to 2 years while in school
- Loan converted to monthly payments for up to 10 years based on the loan amount
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Monthly Payments
- Accrued interest payment protection (if applicable) while in school
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Membership Requirements
- Both student co-signer (if required) must be Allegacy members
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Competitive Rate
- As low as 9.75 APR*
Scholarships
If you’re an Allegacy member pursuing an undergraduate degree, the Allegacy Scholarship Program may be able to provide financial assistance. APPLY NOW at the Carolinas Credit Union Foundation General Fund Scholarship webpage.
The application period lasts from October to February and all applicants are notified in early May each year.
Multiple Awards Named for CEOs
- College and University
- Ike Keener Scholarship $2500 (1)
- Cathy Pace Scholarship $2500 (1)
- Mel Hughes Scholarships $2,000 (4)
- Technical and Community College
- Mel Hughes Scholarships $500 (4)
Eligibility + Process
- Must be a primary Allegacy member with your own savings account
- Have a non-weighted GPA of 3.0 or higher
- Be a full-time college student (at least 12 semester hours) or high school senior accepted on a full-time basis at an accredited post-secondary institution
Calculators to help you plan for your future
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