Private Student Loans

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USSFCU provides student loan options for those beginning school, going back to school, and those looking to consolidate student loans after the completion of school. A private student loan can serve to break through the financial roadblocks standing between you and the resume of your dreams. Use your personalized student loan for qualified educational expenses — including tuition, room and board, books, and other school-related expenses.

Learn more in our private student loan brochure.

  • Low cost student loan designed to meet your needs
  • Competitive rates for financing education expenses
  • Borrow as little as $2,000 or up to the cost of attendance per year
  • Make monthly interest-only payments or $25 proactive payments while in school
  • Use the funds for any qualified educational expense:
    • Tuition
    • Room & board
    • Books
    • Computers
    • And more!
  • Receive a quick decision once we receive your completed application
  • No prepayment penalty and 30-day loan cancellation policy
  • No origination fee for all student borrowers
  • Competitive interest rates and with good grades, potential for even lower rates
  • 1% interest rate reduction once 10% of the loan principal is repaid during the repayment period*
  • 30-day no-fee return policy allows you to cancel the loan within 30 days of disbursement without fees or interest
  • Cosigner Release available for creditworthy borrowers after 24 consecutive on-time principal and interest payments during the Repayment Period

Consolidation & Refinancing

For recent college graduates currently faced with high interest private student loan debt, we offer private student loan consolidation and refinancing solutions. Combine loans from multiple lenders into one easy payment to reduce the chance of a missed or late payment.

This refinancing option can also potentially save thousands of dollars in student loan payments every year, allowing borrowers to put the extra money towards paying off their debt faster, or towards a major purchase such as a car or home. 

  • Simplify your finances with one easy monthly payment
  • Interest-only repayment option up to 4 years for eligible borrowers followed by 11 years of principal & interest repayment
  • Cosigner release available after 24 consecutive on-time principal & interest payments
  • Lower payment and competitive rate possible with extended repayment term

Learn more in our Student Loan Refinancing Brochure. 

Student Loans FAQs

Student Loans can be confusing, find the answers to your most frequently asked questions here!

What is the difference between a private student loan and a federal student loan?

Federal student loans follow guidelines set forth by the U.S. Dept of Education and typically offer fixed and lower interest rates compared to private student loans. However, federal loans, unlike most private loans, have borrowing limits, which may not allow a student to borrow enough to cover the entire cost of education.

Private loans help students fill the funding gap between the cost of attending school and the amount of federal loans, grants, and available scholarships. Both private and federal student loans typically allow students to defer payments while in school and some offer economic forbearance options once a student completes school. Unlike federal loan programs, private lenders assess the credit history of the borrower and cosigner before making a loan.

Who is LendKey?

LendKey is a financial technology firm that delivers private student lending technology solutions to credit unions. LendKey offers credit unions with two unique product offerings: a Private Student Loan and a Private Student Loan consolidation/refinancing solution. Recognizing the need for higher education financing for its members, USSFCU has partnered with LendKey to provide these products. 

Who is eligible for a loan? 

To apply for a USSFCU Private Student Loan, you must be a US citizen or permanent resident enrolled at least half-time in a degree-granting program at an eligible school, and you must be a member of USSFCU.

You or your cosigner also must meet our credit requirements. Choosing a creditworthy cosigner will increase the likelihood of being approved and may lead to a lower loan rate. You can apply without a cosigner if you meet all of the credit criteria by yourself.

How does a member apply for the USSFCU Private Student Loan? 

Members can apply for the USSFCU Private Student Loan online by clicking start now at

*Subject to floor rate.

**The lower rate displayed assumes a 0.25% reduction (subject to the floor rate) upon borrower enrolling in automatic payments. If the automatic payment is cancelled any time after enrollment, the rate reduction will discontinue. This rate reduction may be suspended during any period of forbearance or deferment. Not all applicants will qualify for the lowest rate.

Members should not send personal information via email.