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iPEC Loan Information

Become a Certified Professional Coach with Easy Loan Payments

iPEC has partnered with a Credit Union to offer you a loan option, making it easy for you to achieve your dream of becoming a Certified Professional Coach.

This loan offers a highly competitive interest rate with an average monthly payment as low as $150. Plus, you can defer payments until six months AFTER you have completed the coach certification program, allowing you time to start building your coaching business and earn money as a Certified Professional Coach.

There is NO prepayment penalty so you can choose to pay off the loan early and save on interest.

If the loan option sounds like a great fit for you, please review the below information on how apply for the loan.

NOTE: This is a loan program with a 3rd party lender which requires a completed application, proof of income, and a credit check for making their loan approval decision. 

If you are not a US citizen, you can not apply for the loan. Instead, please click here to learn about our no-interest/short-term payment plan option which is available to all US and Non-US students.

Frequently Asked Questions

How to Apply for the Loan

Applying for the loan is similar to applying for other types of bank loans. Below are the steps to apply. Once your fully completed application is submitted to the Credit Union, you can expect to receive a reply in about a week.

Step 1: Review the required items needed to apply

(Forms highlighted in orange will be provided to you by your Admissions Coach)

  • Completed “Application Cover Letter” with the amount of the loan you are requesting
  • Completed “Account Application and Agreement”
  • Complete the Credit Union “Membership Enrollment Application” with a minimum deposit of $5.00
  • Proof of Identity:
    • Driver’s License or Equivalent
      • If the address on your application and Proof of Identity do not match, a Utility Bill will be required as Proof of Address.
  • Proof of Income:
    • If self-employed: copy of last year’s federal tax return
    • If employed: copy of most recent pay stub
    • If unemployed: our lender will require a co-applicant and will not consider an application without one. The co-applicant’s proof of ID and income should be included with your application.

Note: Our lender assesses apparent ability to repay the loan. Recent bankruptcy or current unemployment are likely causes for decline. Inclusion of a co-applicant or definitive proof of ability to repay should be provided in these instances.

Step 2: Speak with an Admissions Coach to obtain application forms.

Once you are ready to apply for the loan, contact us at 866.722.0247 to schedule a call with an Admissions Coach.

Be sure to mention that you have reviewed to items in Step 1 on this page and that you are ready to apply for the loan.

Step 3: Submit completed application and supporting documentation to the credit union.

Once you have ALL the provided forms completed AND you have gathered all the required documentations, submit them directly to the credit union. You will receive approval notification from the credit union in about a week.

Note: Be certain to CAREFULLY review the Loan Application Checklist to ensure you have completed ALL the necessary forms AND provided the required documentation. Any missing items will delay your application process.

About the Loan

iPEC’s Loan Program was created in partnership with a Credit Union.

  • The loan amount (which can be taken out for tuition purposes only) is repayable over a 10 year period.
  • Full or partial payments of principal may be made at any time with no prepayment penalties—meaning you can pay the loan off as quickly or slowly (up to 10 years) as you choose to.
  • The variable interest rate is extremely competitive.
  • The lender will provide specific information on rates and discounts for automatic payments.
  • Loan payments may be deferred until after Module III of the program. (Repayment begins six months after the completion of Module III.)
  • Students have the option of paying interest during the deferment period or of having interest added to the principal balance.
  • Additionally, if needed, you may apply for a credit card line of up to $2,000 to defray non-tuition expenses such as travel. These payments are not deferred and would be due monthly.
  • You must join the credit union (with as little as a $5.00 deposit) to be able to apply for a loan.