Tuition Program | 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

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.

Benefits for Everyone

Parents receive low-interest tuition loans with structured payments. Schools benefit by receiving full tuition upfront, avoiding the stress of collecting monthly payments. DOY also welcomes new members who may explore additional financial services.

Tuition Savings
Rates

Lower Rates for Good Borrowers

DOY rewards responsible borrowers with discounted interest rates each year. Freshman year starts at 3.99%, decreasing to 3.49% for sophomores, 3.29% for juniors, and 2.99% for seniors. Senior parents can also extend payments to 24 months at 2.99% to help manage graduation and pre-college expenses more efficiently.

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.

College Tuition Program

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.