DOY Federal
Credit Union
Tuition
Program
DOY’s Tuition Loan Program offers low-interest financing to help parents cover tuition for diocesan and private schools across six counties.
How It Works
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Flexible Loan Terms
Loans are extended over 10 or 12 months, making tuition payments manageable.
Direct School Payments
Funds go directly to the school, eliminating monthly collection hassles.
No Extra Fees
Enjoy no application fees, prepayment penalties, or service charges—keeping costs low.
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Tuition Loan Program
Our Tuition Loan Program helps families cover private school tuition with low, affordable interest rates and a straightforward application process. Parents can finance tuition for diocesan and other private schools, while schools receive full payment upfront and families enjoy predictable monthly payments over 10 or 12 months. With no service charges, flexible options for members with credit challenges, and rate discounts for good borrowers, our program is designed to make education costs easier to manage.
Tuition Savings
Rates
Higher Education Signature Loan
For families transitioning from high school tuition to college expenses, DOY offers the Higher Education Signature Loan, an affordable way to continue higher education. This program is available to long‑time tuition loan members and Big Borrowers, as well as members with DOY mortgage or auto loans. Qualified applicants can borrow at the senior‑year tuition rate, with funds sent directly to accredited colleges, community colleges, trade schools, and technical programs. It’s a simple, low‑rate solution to help families support their students’ next step in education.
Additional
Programs
Tuition Savings Program
DOY offers a tuition-specific savings program with accelerated tier dividends, allowing families to grow their savings faster than standard accounts. This dedicated fund ensures members can set aside money for elementary, high school, or college tuition. Withdrawals must be used for educational expenses, and penalties apply for non-education-related use, encouraging disciplined saving for future tuition costs.
Higher Education Signature Loan
For parents looking to extend their tuition financing beyond high school, DOY provides a low-interest college tuition loan at 2.99%. This program allows families to continue structured payments, ensuring financial stability while covering tuition costs. Members who have participated in DOY’s High School Tuition Loan Program for at least two years or have previously borrowed through DOY are eligible. Loan funds go directly to the institution, making the process seamless and hassle-free.
Eligibility & Stipulations
To qualify for a DOY College Tuition Loan, the student must be enrolled in an accredited post-high school institution, including community colleges, trade schools, or universities. Parents can borrow up to $10,000 per student, and all loan proceeds are sent directly to the institution upon receipt of an official bill. DOY operates independently and is not affiliated with the Diocese of Youngstown, ensuring a transparent and member-focused lending experience.