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Private Student Loans

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

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Private Student Lending

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 >>

NEW! Refer A Friend

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

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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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

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.

Members' Voice Testimonials

I feel my money is safe, the service has always been top-notch and we've found it easy to use even though I probably haven't set foot in one of the branches in five years. Joining the credit union is one of the smartest things I've done.

USSFCU has been my first banking option for over 40 years - no fee atms - my grands are now members of the credit union and value their credit union membership also.

USSFCU staff continues to be the best and always has my best interest.

The USSFCU has been an important part of my financial situation and has provided outstanding service.

Every experience with USSFCU has been extremely good right from the start. Our main account with USSFCU is a HELOC with zero over prime rate, which is almost unheard of. The customer service has always been excellent. And when we asked for a temporary payment break to navigate and reorient professionally due to the sudden and temporary financial im...

I've always been treated very professionally and the person caring for my financial needs always listened to me and helped me in a way that was not stressful and beneficial to me.

USSFCU has never failed us in its' role of being the best bank ever. All the personnel are professional, friendly, efficient and have more than earned our trust, appreciation and admiration. We admire the way they are constantly evaluating, adapting and growing their services for the benefit of its' members. We are very grateful to have had this im...

Magnificent people, great help during the hard times.

I've been banking here for over 20 years it's the best customer service. Credit card interest rates don't gouge at USSFCU. It's a wonderful place to bank.

Very personable, solution based and takes an interest in your situation.

Provides excellent customer service and this is demonstrated by their great attention to detail. USSFCU provides excellent financial products and professional communication.

I joined in 1975 when I began my 41 year career in the U.S. Senate. It was a family and still is - one to be depended on in times of need and for advice.

The credit union provides relatively good services and the security updates to the system are noticeable.

All of my children and grandchildren have USSFCU accounts now. I really admire USSFCU and its staff completely, they have always looked out for my interests.

Outstanding online and mobile banking services. Professional, Courteous, knowledgeable responsive staff!

I am very satisfied to belong to this institution and whenever I need support it is good to know that I count on you.

This credit union is the best, I love the customer service and you can't beat the interest rates. I'm happy to be a member of this great credit union.

Great staff helping all the time. Just a very well run company always good service.

Always good service, especially when I telephone in. I have another credit union where, every time I call in, I have to wait a considerable amount of time before reaching a representative. When I worked on the Hill, it always was a pleasurable experience coming to the credit union office, whether to make a deposit or apply for a loan.

Customer service via the phone is very helpful and easy to accomplish requests.

Care about their clients and concerned about making sure they have the best rates and packages.

USSFCU has always been accommodating, easy to work with, and staff are always kind. I have every intention of keeping my account with this bank for a long, long time.

The branch manager introduced herself and was extremely helpful. She stated that if there is anything we ever need to please let her know. Very positive experience!

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