Private Student Loans

Now Offering a Better Way to Pay for College

USSFCU now has the unique ability to help members and families by offering a private education solution that features:

• Flexible funding
• Lower interest rates
• Simple one-time online application
• Deferment of principal and interest while in school
• Convenient line of credit structure that lets you apply once and secure financing for your entire college career*
• 24/7 call center and application support

Learn More

With USSFCU's private education line of credit, you can secure funding for your entire college career with just one application!^*

Student loan lines of credit are available for both undergraduate and graduate-level programs. And since these loans are being offered through USSFCU, you know you're getting a great deal from a not-for-profit lender you can trust.

Undergraduate Application  Undergraduate Rates & Terms >>      

Primary borrower (student) must be 18 years or older.

Graduate Application  Graduate Rates & Terms >>

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NEW! Refer A Friend

Share the benefits of our Student Lending Solutions! Refer a Friend and you both could earn¹ $100!

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Our NEW Student Lending Center is a robust resource, whether you are already in college, planning for college or looking to refinance.

Student Lending Center

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Details

Line of Credit Student Loan (revolving) with flexible funding

• Establish the line today and then request the funds you need later.
• Borrowers apply once versus annual application and then take draws on their account.
• Aggregate maximum (total amount) $75,000 for undergraduate
• Aggregate maximum (total amount) $100,000 for graduate

Flexible Repayment Options

• Borrowers can choose to defer payments, pay interest only, or pay their entire payment while in school.
• Payments can be deferred while enrolled at least half-time (maximum 60 months) plus six months grace period after separation.

Zero Origination or Prepayment Fees

• Borrowers get the money they need without high fees that create an additional need for borrowing.
• No prepayment penalty - paying the loan off early is good!
• Auto payments get a .25% rate reduction*

Student’s Loan with Co-borrower

• Co-borrower not required, but recommended
• Protects the parent
• Co-borrower can be removed

School Certified

• School validates the students’ enrollment and financial need based on their calculated Cost of Attendance minus other aid
• Funds disburse directly to the school
• School disburses any extra to the borrower
• Eligible for most four-year public and private non-profit degree-granting (title iv) schools

Credit Union Held Loan

• Your loan won’t be sold or moved.
• An institution you know and trust

Online Application

• Quick application process
• Instant conditional approval
• No waiting for an answer

Eligibility Requirements

To be eligible for our private education line of credit, you must be enrolled in a degree-granting program at an approved school^‡ and a member of the United States Senate Federal Credit Union. You may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded. Be sure to review all undergraduate and/or graduate-level eligibility requirements. Primary borrower (student) must be 18 years or older.

Read More FAQs

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Modern Financial Literacy Tools for College Students iGrad is an award-winning, web-based financial literacy platform that provides a lifetime of personalized financial wellness education and loan management resources to users at hundreds of top colleges and universities nationwide — and it's now available to all USSFCU members.  Get Started with iGrad

Need help completing your FAFSA, interpreting your award letter, or deciphering financial aid lingo? 

Our College Counselor can provide personal, one-on-one consultation for all of your financial aid, repayment, and refinancing questions. Whether you’re a parent, high school student, or college graduate entering loan repayment, our counselor can walk you through the necessary steps to make smart financial decisions.

 Get Live Support

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Important Disclosures and Rate Details

Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements. ** The APR will not fall below the floor rate regardless of the index or any additional rate discount. ‡ Approved schools subject to change without notice. Primary borrower (student) must be 18 years or older.

 ¹To receive the $100 referral funds, you must be an existing member with United States Senate Federal Credit Union. Anyone who is referred will also qualify for the referral funds once a disbursement on a new private education line of credit or student loan refinance product has been made. Funds will be deposited within 120 days of disbursement. United States Senate Federal Credit Union reserves the right to change terms at any time. Terms & Conditions apply.