Parents/guardians and spouses may access a Parent Edu loan to finance the cost of education for their children/wards and wives/husbands. In these instances they (parents/guardians and spouses) are the principal borrower.
Parents/guardians, spouses and employed part-time students accessing this product must be:
Features of Eduaid™ Parent Edu Loan Limits each loan for a period of 1 -24 months. The principal borrower can access a maximum of 5 Parent Edu loans for his/her child/ward/spouse/self during that student's programme of study.
The principal borrower can only have one (1) active Parent Edu loan during an academic year. The loan amount can be no less than $50,000.00 and no more than $400,000.00