P.E.O. Educational Loan Fund

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ELF Facts At A Glance

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• 2% Interest

• Three loan amounts

  • $12,000 - associate and bachelor degree programs, technical or professional training, and post-graduate certifications

  • $15,000 – master’s degrees  (New)

  • $20,000 – doctoral degrees

• 8 year payback on loans up to $15,000  (New)

• 10 year payback on loans over $15,000  (New)

• 6 months after graduation loan repayment begins  (New)

• The new loan terms are not retroactive to any current loans.  The new terms will apply only to new chapter recommendations received on or after October 1, 2015.