Personal Loans for Teachers
From unexpected expenses to planning for college, and everything in between — Suncoast has personal loans to make your cash flow a little easier.

Does Your Credit History Impact Your Chances of Getting a Personal Loan?
Yes – your credit history impacts whether you can get a personal loan. Your personal loan options will be hindered if you have a poor credit score or little credit history. Things like late payments, bankruptcy, and a high amount of debt will lower your credit score. You can check your credit rating with a credit bureau to see what range your score falls within:
629 and under: poor credit
630 – 689: fair credit
690 – 719: good credit
720 and above: excellent credit
While poor credit won’t necessarily stop you from getting a loan, it might make it more challenging, and it’s important to note that bad credit may result in lenders offering you higher interest rates. As a result, you can expect higher monthly payments each month. It's best to keep a good credit score as often as possible to ensure easier borrowing when the time calls for it.
Who are Teacher Loans for?
Teacher loans are for any educators, whether you teach middle school, high school, or college students. Perhaps you’re a high school math teacher who needs a loan to pay for your graduate degree, or maybe you’re a professor who needs additional funding. Either way, we’ve got loan options for you.

Reasons Teachers Use a Personal Loan

Debt Consolidation

For the Summer Months

Pay for Teaching Expenses

For Your Education

To Start a Family

To Relax
Tips for Applying for a Teacher Loan
Before applying for a loan, make sure you know what you’re getting into.
Check your credit score
Knowing your credit score will give you a better idea of the personal loans you’ll qualify for. It’s easy to check your score — just sign up at one of the major credit bureaus.
Compare personal loans
To make sure you’re getting the best rates, compare teacher loans before applying. You want the lowest interest rate possible! Check lender reviews too — they can give additional insights into the company, such as how they are with customer service.
Avoid applying for multiple loans
Applying for too many loans at once can quickly tank your credit score. Instead, do your research and apply only for the loans that best match your needs.
Why Choose Suncoast for a Personal Loan?
Suncoast is a credit union that focuses on community and providing the best possible rates.

Experts on Your Side

Competitive Rates

Options for Poor Credit

A Community Focus
Is a Personal Loan for Teachers Right for You?
Are our personal loan options for teachers right for you? If you tick off these boxes, then the answer is yes!
You Are a Teacher
We offer loans to teacher interns, substitute teachers, college professors, public school teachers, private school teachers, and any other kind of teacher.
You Have a Good Credit History
If you have a good credit history, that means you can take advantage of a lower APR, which saves you money in the long run.
You Want to Manage Your Debt
Consolidating debt is another good reason to use a personal loan. Use our debt consolidation calculator to see how much you can borrow.
You Want to Build Credit
Taking out a loan and keeping up with the monthly payments can actually help you build credit. If you’re a newer teacher and want to build a positive credit history, one of our loans could be right for you.
You Have a Good Reason for the Loan
Whether you need to fund tuition to better your own education or you have a lot of teaching supplies to buy, having a clear plan for the loan is a good sign it’s the right choice for you.
How to Apply for a Teacher Loan
Ready to apply? Become a Suncoast member today to start your application. You can also use our personal loan calculators to give you an idea of how much you can borrow.
Once you are a member of Suncoast Credit Union, you can apply for the loan that suits you best. As soon as we approve your application, you can close the loan and receive the funds directly in your account. From there, just keep up with the monthly repayments. It’s that simple!
Personal Loan for Teachers: Helping You Get By
At Suncoast, we offer financial assistance for teachers who need an extra boost. With our competitive rates, you can invest in yourself without worrying about breaking the bank.

Summer Skip Program
Our Summer Skip program is designed to accommodate Suncoast members who aren’t paid during summer breaks from school or other seasonal employment.
Deferred Summer Loan Payments for Educators
For members who select Summer Skip, loan payments are deferred during July and August. Because you’re making 10 instead of 12 payments each year, each loan payment is approximately 20% higher than our standard loans and interest does accrue during the summer months.
Request more information about our Summer Skip program at 800-999-5887.